The Loan With The Term Stretches Into Infinity. - Fatal Facts Of Credit Cards

1. The Loan With The Term Stretches Into Infinity Feel Free To Call US 1-800-808-1613 Landline 416-848-0469 Fatal Facts Of Credit Cards www.mortgagedeliveryguy.ca

2. The Loan With The Term Stretches Into Infinity Let’s face it; a credit card is simply a loan. But unlike a car loan or a home mortgage that may have a five-year term, a credit card has NO time. With a car loan, you know you’ll own the car in five years if you make your monthly payments. But you can make the minimum monthly payment on your credit card for the rest of your life and still need to have everything paid off! www.mortgagedeliveryguy.ca

3. The Loan With The Term Stretches Into Infinity Sure, new rules require credit card companies to show on the contract how long it will take to pay off a balance with minimum payments. But once you’re addicted, do know how badly you’re getting gouged! Your average monthly balance is $2,500, and you make minimum payments. At that rate, your card won’t be paid off for at least 30 years! And lots of people keep a much higher balance than that. Credit cards are open-ended or revolving loans with obscene interest rates. And what’s worse, they encourage you to make minimum payments that are so low they barely cover the interest charges (see FATAL FACT SEVEN). That’s why paying off your balance can take forever! www.mortgagedeliveryguy.ca

4. The Loan With The Term Stretches Into Infinity THANK YOU www.mortgagedeliveryguy.ca