The power of interest charges
Date: Fri, 11/11/2005 - 12:56
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. :D
But when the credit card company uses this same power of compounding interest against us, it is terrible and becomes a nightmare. :roll:
When we harness the power of compounding interest, it just becomes a wonderful thing for us. :D
But when the credit card company uses this same power of compounding interest against us, it is terrible and becomes a nightmare. :roll:
I totally agree...it is so crazy how much interest is added on.
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.
