http://www.totaldebt relief.net uses a pitcher and a glass of water demonstrate the effects of minimum credit card payments. This video uses a simple analogy to describe how the average American is throwing away their money to the credit card companies. Visit totaldebtrelief.net for more information on credit card debt relief.
it may be off some, ... By: Ex1777000. on 22 May 12, 01:46:35 it may be off some, but? it still proves a great point
Tired off paying ... By: TheVerifiedcc. on 08 May 12, 04:25:11 Tired off paying the bills?
Visit Gold-Store.webs.com
This website will help you pay all your bills.
Thumbs up? if you wan't to screw Banks!
GET RELIEF FROM ... By: Stephen Githinji. on 07 May 12, 12:03:49 GET RELIEF FROM CREDIT CARD DEBT
Since 2007, Consolidated Credit Counseling Services Inc. has helped more than half a million people find the right debt consolidation solution to meet their financial needs.
Learning how to manage your debts is an important step to financial freedom. Consolidated Credit provides a variety of ways to learn more about credit, debt and money management:
WHEN DEBT IS A PROBLEM WE ARE THE SOLUTION
GIVE ? US A CALL ON
877-625-9037
Motherfucker! ... By: ericrichard7. on 04 May 12, 23:03:42 Motherfucker! That's what delinquency and default is for. If you don't like this debt then you have a total of four choices: A; pay the minimum payment and let the banks rob your ass. B; pay more than the minimum payment and not allow the banks to rob your ass a much. C; let the shit go into collections and debt buyers and settle for a deal to pay off the shit and? get your credit fucked up anyway you go! Or D; Don't pay the shit and file bankruptcy and tell them to go fuck themselves!
I meant since when ... By: elmagnificodep. on 23 Mar 12, 23:22:40 I meant since when does interest get accrued? monthly at the full APR. it can get accrued daily, but it would be 17%/365 days.
I'm debt free. I ... By: elmagnificodep. on 23 Mar 12, 23:20:33 I'm debt free. I used to sell credit cards for years in person and telemarketing. With a $146 payment at 17% APR it would only take between 21 and 22 years. Since when does interest get accrued monthly? The 17% in this video monthly would be 204% APR? which is illegal by credit card laws. Change the video to a pay day lender or loan shark. P.S. Screw debt!!!
I assumed the ... By: agun17. on 09 Mar 12, 01:09:00 I assumed the contract was 17% interest a year because that's how banks advertise their loans, with yearly interest not monthly interest.
Just shows how banks like to scam you by confusing you. Still, they should advertise? monthly interest rates if they are going to charge it monthly. Thanks for pointing that out.
I ran out of space ... By: Rezxer. on 08 Mar 12, 06:30:40 I ran out of space in my? previous comment, but one thing about the compounding. Some CCs compound monthly, but it should be noted that many CCs compound *daily*, which makes the problem a lot worse.
This isn't accurate ... By: Rezxer. on 08 Mar 12, 06:21:19 This isn't accurate either.
Interest compounds monthly, not annually. Your formula subtracts (142 * 12) from the principal of $10K, then it calculates (0.17) from the resulting principal, which isn't accurate.
After a year of $142 payments and monthly compounding interest, the? total principal should be $9,996.06. Yes, only $4 less than the starting principal. 17% APR equals to 0.01416666667% monthly, which is $141.67 monthly interest, so your effectively only paying $0.33 per month.
If you? can ignore ... By: HaleHaridwald. on 08 Mar 12, 06:11:17 If you? can ignore the debt collectors, after seven years in Canada, your debt is erased
yea it should be ... By: FortNikitaBullion. on 25 Feb 12, 05:59:51 yea it should be per? year. The video needs a correction
Is it really the? ... By: sakemek. on 15 Feb 12, 01:39:57 Is it really the? interest rate 17% per month?
Is it really the ... By: sakemek. on 15 Feb 12, 01:39:46 Is it really the interest rate 17%? per month?
The road to ... By: 6000deepsead. on 09 Feb 12, 10:23:45 The road to bankruptcy is paved with plastic.Althou some bankruptcies were due to high medical expenses and downsizing,a great many had to do with credit-card debt.Card issuers encourage their consumers to go into debt with incentives like frequent-flier miles,cash back and low introductry? interest rates."We're finding a lot of people are living off their credit cards,and they're even making their credit-card payments with a credit card,"says executive director of CCCS.
it? may be off some ... By: Ex1777000. on 22 May 12, 01:46:35 it? may be off some, but it still proves a great point
Tired off paying ... By: TheVerifiedcc. on 08 May 12, 04:25:11 Tired off paying the bills?
Visit Gold-Store.webs.com
This website will help you? pay all your bills.
Thumbs up if you wan't to screw Banks!
GET RELIEF FROM ... By: Stephen Githinji. on 07 May 12, 12:03:49 GET RELIEF FROM CREDIT CARD DEBT
Since 2007, Consolidated Credit Counseling Services Inc. has helped more than half a million people find the right debt consolidation solution to meet their financial needs.
Learning how to manage your debts is an important step to financial freedom. Consolidated Credit provides a variety of ways to learn more about credit, debt and money? management:
WHEN DEBT IS A PROBLEM WE ARE THE SOLUTION
GIVE US A CALL ON
877-625-9037
Motherfucker! ... By: ericrichard7. on 04 May 12, 23:03:42 Motherfucker! That's what delinquency and default is for. If you don't like this debt then you have a total of four choices: A; pay the minimum payment and let the banks rob your ass. B; pay more than the minimum payment and not allow the banks to rob your ass a much. C; let the shit go into collections and debt buyers and settle for a deal to pay off the shit and get your credit fucked up anyway you go! Or D; Don't pay the shit and file bankruptcy and tell them to go? fuck themselves!
I meant since when ... By: elmagnificodep. on 23 Mar 12, 23:22:40 I meant since when does interest get accrued monthly at the? full APR. it can get accrued daily, but it would be 17%/365 days.
I'm debt free. I ... By: elmagnificodep. on 23 Mar 12, 23:20:33 I'm debt free. I used to sell credit cards for years in person and telemarketing. With a $146 payment at 17% APR it would only take between 21 and 22 years. Since when does interest get accrued monthly? The 17% in this video monthly would be 204% APR which is illegal by credit card laws. Change the video to a pay day? lender or loan shark. P.S. Screw debt!!!
I assumed the ... By: agun17. on 09 Mar 12, 01:09:00 I assumed the contract was 17% interest a year because that's how banks advertise their loans, with yearly interest not monthly interest.
Just shows how banks like to scam? you by confusing you. Still, they should advertise monthly interest rates if they are going to charge it monthly. Thanks for pointing that out.
I ran out of space ... By: Rezxer. on 08 Mar 12, 06:30:40 I ran out of space in my previous comment, but one thing about the compounding. Some CCs? compound monthly, but it should be noted that many CCs compound *daily*, which makes the problem a lot worse.
This isn't accurate ... By: Rezxer. on 08 Mar 12, 06:21:19 This isn't accurate either.
Interest compounds monthly, not annually. Your formula subtracts (142 * 12) from the principal of $10K, then it calculates (0.17) from the resulting principal, which isn't accurate.
After a year of $142 payments and monthly compounding interest, the total principal should be $9,996.06. Yes, only $4 less than the starting principal. 17% APR equals to 0.01416666667% monthly, which is $141.67? monthly interest, so your effectively only paying $0.33 per month.
If you can ignore ... By: HaleHaridwald. on 08 Mar 12, 06:11:17 If you can ignore the debt collectors, after seven years in? Canada, your debt is erased
yea it should be ... By: FortNikitaBullion. on 25 Feb 12, 05:59:51 yea it should be per year. The video needs? a correction
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