By: Zigfred Diaz
"Today, there are three kinds of people: the have's, the have-not's, and the have-not-paid-for-what-they-have's. ~Earl Wilson
"Credit cards are truly one of mankind’s greatest inventions. Unfortunately it has also become one of mankind’s greatest curses.
Most credit card companies in the Philippines charge 3.5 % interest rate per month. That is about 42 % per annum. If you do the math, your present outstanding balances will double every 2 years. If you owe your credit card company P 10,000.00, in 2 years time it will become about P 20,000.00.
The best thing that you could do right now is to pay all your credit card debt immediately. That is if you have the money to do so. But what if you owe your credit card company P 100,000.00 or even P 200,000.00 what should you do ? What if you have multiple credit card debts? The following are probably the best steps that you could take in order to rid yourself of this credit card debt mess.
Read More...
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment