Credit

The Horror of Paying Just Monthly Minimum Payment to Credit Cards

I think a lot of the people’s consumer debt stems from charging a large ticket item into “manageable” monthly minimum payments.  However, the problem that often arises is that a person only pays back the minimum.

If we take a credit card bill of $5,000 with an interest rate of 15% and the minimum payments at 4.5%

Continue reading The Horror of Just Paying Monthly Minimum Payment to Credit Cards

September 28th, 2009 | Tags: , , , , | Category: Debt | 3 comments

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A Likely and Logical Result - Can be Avoided using the My Journey Budget

I apologize if this post seems like a rant, but I just read a great article on CNBC titled, “Credit Cards Could Become Next Trouble Spot in Crisis” by Kenneth Stier which provides a lot of great info, but seems to completely ignore the underlying problem (beyond a sentance or two).  The Article is best

Continue reading A Likely and Logical Result – Can be Avoided using the My Journey Budget

October 17th, 2008 | Tags: , , , | Category: Debt | One comment

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