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Re: Boy! I just don't get it?????
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Posted by Been There etc. on January 12, 2004 at 18:54:25 from (209.47.89.117):
In Reply to: Boy! I just don't get it????? posted by Allan on January 12, 2004 at 18:25:14:
While we all blow our stack at those credit card companies (I've done the same thing), we seldom sit down and realize who is the real person to blame for the whole fiasco, namely ourselves. Heard a guy on the radio last summer that asked a simple question. He asked the listening audience to imagine that they had a $2500 debt to say Visa or Mastercard. If you paid just the minimum required monthly payment every month (and not a penny more), how long would it take you to pay off the debt? Apparently the answer is "NEVER", you would never pay off the debt by paying the monthly minimum. Guess I've wandered a bit off topic with this but your response to rip the whole thing up (I assume you are referring to the card) would be a wise decision (unless you can pay off the balance charged every month).
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