This is an article from bankrate.com showing that the average consumer is now making the minimum payments on their credit cards.
I will be adding a post after this one discussing the impact of making the minimum payments.
This might be worth taking a look:
http://www.bankrate.com/brm/news/debt/20050503a1.asp
I will be adding a post after this one discussing the impact of making the minimum payments.
This might be worth taking a look:
http://www.bankrate.com/brm/news/debt/20050503a1.asp
Posts
2 comments:
A credit card is a way of payment by using the plastic cards which are issued to customers for their payment. Credit cards are different than the debit cards.
I think a Credit card establishes a revolving credit agreement between you and the issuing bank.
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