13 Dec
DEBT
According to the National Foundation for Debt Management:
- The average household has 10 credit cards.
- The average interest rate is 18.9%.
- The average credit card balance is $8,000.
- The typical “minimum monthly payment” is 90% interest, 10% principal.
You know, I have to tell you, I really enjoy this blog and the insight from everyone who participates. I find it to be refreshing and very informative. I wish there were more blogs like it. Anyway, I felt it was about time I posted, I?ve spent most of my time here just lurking and reading, but today for some reason I just felt compelled to say this.
December 13th, 2008 at 11:15 pm