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Why it could take 36 years and 61,060 to pay off a 10,000 credit card debt

2 Answers

5 votes
Credit card a has a apr of 20.8% and an annual fee of 60
User Ravenix
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5 votes

Answer:

The Credit Card Companies just ask that you pay the minimum amount due on your credit card. They keep charging interest, and if you just keep paying the minimum amount, it will take years to get it paid off.

Step-by-step explanation:

User Emil
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