I found this great article and graphic at Cracked.com. The title is Why You Will Never Pay Off Your Credit Card and it follows an "average" American credit through a lifetime of minimum payments (and beyond!) It is a great explanation of why minimum payments don't work for the consumer.
I found this great article and graphic at Cracked.com. The title is Why You Will Never Pay Off Your Credit Card and it follows an "average" American credit through a lifetime of minimum payments (and beyond!) It is a great explanation of why minimum payments don't work for the consumer.