Tuesday, August 22, 2006

Interesting Statistic to Motivate You to Pay Off Credit Card Debt

Do you realize that if you owe $2,000 on a credit card with a 21% interest rate, and you only make the minimum payment each month that you will owe on this account for approximately 19 years and pay a total of $6725.64 in principle and interest?

To help pay off credit card debt more quickly, be determined to STOP USING the credit card. (Except for real emergencies.)

No comments: