Informative post..2 comments: – Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month. So it will take less time and will cost less to repay than your calculation. – The Usury law rate depends on the state. And credit cards are mostly located where this rate is high(SD repented the max on interst rate to attract companies in the 90s. many CRDT card companies moved to SD in the to survive!! )
Well done mate. Off course the bottom line is that people that are in debt simply deserve it because they want to have everything right now. The key is to wait untill you have cash to buy what you need. A car or a house is a different matter of couise but things like daily shoppin is no excuse.
Excellent video on usury. All Americans should be more informed and unite to stop people being manipulated and raped. This is pandering to peoples weaknesses. Jesus needs to return and stop this practice. We wonder why people go nuts and get stress related illnesses. Churches need to help lend to people and counsel them so they can live better.
Comments
October 24, 2008
agentmuller80 said:
USE cash….if you dont have the money dont buy it. I see too many embiciles paying for a $5 item with a credit card. I'm sick of it!
Melker63 said:
Quote: "Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month."
Oh yes – he does take that into consideration. About 4:20 into the video: "$29000 – but it gets a sliding scale, so I average it out to about $20000".
October 26, 2008
CREDITCARDSUPERDEAL said:
Credit card deals are tough to get. I would look around. Do not just get done.
October 27, 2008
kevinkevin554 said:
Informative post..2 comments: – Your calculation does not take into considearation the fact that the pricipal is reduced by $16.67 every month. So it will take less time and will cost less to repay than your calculation. – The Usury law rate depends on the state. And credit cards are mostly located where this rate is high(SD repented the max on interst rate to attract companies in the 90s. many CRDT card companies moved to SD in the to survive!! )
October 30, 2008
CreditCards4ALL said:
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afodis said:
Well done mate. Off course the bottom line is that people that are in debt simply deserve it because they want to have everything right now. The key is to wait untill you have cash to buy what you need. A car or a house is a different matter of couise but things like daily shoppin is no excuse.
November 1, 2008
spiritualking said:
good job ..
Justy330 said:
Boy I never knew any of this.
November 4, 2008
gurscheA1 said:
Excellent video on usury. All Americans should be more informed and unite to stop people being manipulated and raped. This is pandering to peoples weaknesses. Jesus needs to return and stop this practice. We wonder why people go nuts and get stress related illnesses. Churches need to help lend to people and counsel them so they can live better.
cardjoey18 said:
Hmm… Very informative video.