Comments on: How Minimum Credit Card Payments Will Keep You in Debt Forever

By: Personal Finance Roundup: Lower Your Car Insurance Costs

Personal Finance Roundup: Lower Your Car Insurance Costs — Fri, 26 Aug 2011 02:53:02 +0000

[...] you know making a minimum payment on a credit card every month will take you four times longer to pay off your debt. Of course you want to avoid [...]

By: How Those “Easy Payments” Can Wreck Your Finances

How Those “Easy Payments” Can Wreck Your Finances — Tue, 21 Jun 2011 15:55:15 +0000

[...] computer (more easy payments), $200 for kitchen appliances (easy payments again), $150 on various credit cards (even more easy payments) and now $375 for furniture. That leaves them $2,225. Not bad. But they pay $400 a month for health [...]

By: 18 Tips for Getting Through College Debt Free

18 Tips for Getting Through College Debt Free — Wed, 25 May 2011 18:47:04 +0000

[...] 14. Pay off your credit card and other bills in full every month. Never make only the minimum payments. [...]

By: michael @ credit cards

michael @ credit cards — Sun, 17 Oct 2010 23:18:52 +0000

This is such a sad fact that if we are not able to pay in full our credit cards, the more and more we are committed to pay the added charges and interest monthly. Moreover, takes more years to wash this out if we do not think of other ways to pay it off.
michael @ credit cards´s last [type] ..Foreclosure Rates Spike – Over 250K Homes Seized

By: joeplemon

joeplemon — Tue, 10 Aug 2010 22:35:06 +0000

Mary,
This is great to know. I was wanting to hear some thoughts about how the new credit card statements are being received, so I appreciate you letting us know. I am planning to write a post on the new statements, so this helps. I am at a handicap because (not trying to sound smug or anything like that), I don’t have any credit cards so I don’t actually see the statements. Other than the ramifications of paying minimum payments, is there anything else you like about the new statements?

By: Mary

Mary — Tue, 10 Aug 2010 18:47:37 +0000

Anyone likes their new credit cards statement now than before like I do? Since the credit card new regulations were inacted this year, many people have learnt what will happen if you keep on paying the minumum. The statements are now visible enough and well written
Mary´s last [type] ..CREDIT CARDS HOW TO PAY CREDITORS FAST

By: 7 Steps To Help Get Out Of Credit Card Debt « inMessment – Life Investments

Fri, 25 Jun 2010 03:37:55 +0000

[...] the credit card companies want to keep you in debt forever, they structure their minimum payment amounts to do just that. Don’t play their [...]

By: 7 Steps to Help With Credit Card Debt

7 Steps to Help With Credit Card Debt — Thu, 24 Jun 2010 20:05:29 +0000

[...] the credit card companies want to keep you in debt forever, they structure their minimum payment amounts to do just that. Don’t play their [...]

By: Best Personal Financial Planning Ideas | Personal Investment Management and Financial Planning Blog Directory

Fri, 28 May 2010 02:41:59 +0000

[...] Plemon presents How Minimum Credit Card Payments Will Keep You in Debt Forever posted at Personal Finance By The Book, saying, “”Diabolical” is a good word to [...]

By: Credit Card Information Edition of Yakezie Carnival

Credit Card Information Edition of Yakezie Carnival — Mon, 24 May 2010 10:43:15 +0000

[...] card customers who should be taking the brunt of the blame?Personal Finance by the Book presents Minimum Credit Card Payments Will Keep You In Debt Forever. He states “Is ‘diabolical’ too strong of a word to describe the credit card [...]