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02-06-2014, 06:00 PM
An honorable member of the Coffee Shop Has Just Posted the Following:
Paying the minimum sum of any credit card debts would take many years to clear the principal and interest as the interest is exorbitant.
But I still see people doing it, some of my friends does that, drawing cash advance to pay for the other credit cards debt.
Have ever ask them if they are aware of the high interest, and surprisingly, they are aware of it but still does it.
Have also asked they why don't the used their savings to pay it of first, but all I got was a blank stare.:confused::confused::confused:
Maybe they are really tight on their finances......
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?183086-Do-you-roll-over-Credit-Card-Debts-or-Personal-Credit-Lines&goto=newpost).
Paying the minimum sum of any credit card debts would take many years to clear the principal and interest as the interest is exorbitant.
But I still see people doing it, some of my friends does that, drawing cash advance to pay for the other credit cards debt.
Have ever ask them if they are aware of the high interest, and surprisingly, they are aware of it but still does it.
Have also asked they why don't the used their savings to pay it of first, but all I got was a blank stare.:confused::confused::confused:
Maybe they are really tight on their finances......
Click here to view the whole thread at www.sammyboy.com (http://sammyboy.com/showthread.php?183086-Do-you-roll-over-Credit-Card-Debts-or-Personal-Credit-Lines&goto=newpost).