If you have $22,800 in credit
card debt with an 18% interest rate where you
only make the minimum payments of 2% per month,
it will take you over 52 years to pay off and
will cost $65,193 in INTEREST ALONE.
Do you have $65,000 to throw away???
The more debt you have, the more
difficult it is to get approved for a reasonable
car loan, mortgage, or personal loan.
The difference between a 6% and
8% mortgage rate on a $500,000 loan is equivalent
to $500,000 in interest.
Can you afford to throw away a half million
dollars??
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