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Did you know that Credit Card companies are changing their minimum payments from 2% to 4% on a monthly basis? Payments are doubling as prime is on the rise. How will this affect you??? If you bought a New Big Screen TV for $3,000 with a credit card, your payment at 2% will be $60 a month. Very affordable for what you bought. But, if it’s a store card, you’re probably being charged the maximum interest rate of 24%. Did you know that on that card the monthly interest payment on $3,000 at 24% is $60 a month? Guess What? So is your payment. You could remain current from now until eternity and never touch the balance of your card, while the big screen becomes a thing of the past. If you are late one time, your balance would be higher in 30 years then it was originally.
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Loan Officer's Tools to Submit a File to DebtHagglers.com
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