Internet's first get-out-of-debt community - 129,000 members

Posted: Fri Nov 11, 2005 1:56 pm Subject: The power of interest charges

I want to share with you an interesting fact about the interest charges on finance.

When we harness the power of compounding interest, it just becomes a wonderful thing for us. Very Happy

But when the credit card company uses this same power of compounding interest against us, it is terrible and becomes a nightmare. Rolling Eyes

Posted: Thu Nov 17, 2005 1:11 pm Subject:

I totally agree...it is so crazy how much interest is added on. And if you default the interest just keeps going up & up & up.

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The power of interest charges

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