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From the lens Credit Cards - Myths and Truth.

  • Fitness2go Oct 16, 2011 @ 2:24 pm | delete
    Very informative. Cleared some things up for me.
  • Springbok Jul 8, 2008 @ 9:38 am | delete
    Paul
    I like your approach to your credit cards lens, I have never ever considered my credit cards as a Myth or a Legend; mine have always needed paying back and have been a pain since I first got one over 20 years ago.

    I have however noticed that the minimum monthly payments have gone down from 5% per month to 2% per month obased on the outstanding balance and the term to repay a credit card has gone from 8 years to 37 years to repay a card at the minimum monthly amount due and that is if you never used it again. Frightening is'nt it!

    I also recently heard about a credit card provider where the interest charged was greater than the minimum monthly payment and it begs the question when would the credit card be paid off at the minimum monthly payment? - Mark

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paulbarton

My name is Paul Barton and I live in the UK but work all over the world. My driving passion is my family and my personal goals. I believe that the population... more »

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