Here's some food for thought from GuardMyCreditFile.org
Did you know that a $2 mimimum finance charge on your credit card can raise you interest rate (APR) by more than 50% on low balances?
A $2 minimum charge on a $50 balance equals 48% APR.
How much does your credit card cost?
Did you know that making minimum payments on a $3,000 balance, with an 18% APR will take 431 months to pay off?
Cost is 36 years in debt and $7,511.74 in interest.
Prosumer's are the most proactive, innovative and communicative consumers in any market.
--Term coined by RSCG Worldwide
""Debt has become a part of who we are. ...That spoiled kid in the grocery store. 'I want it. I want it. I deserve it because I breathe air.'""
- Quote by Dave Ramsey - Radio Show Host
GuardMyCreditFile.org is a project funded by a group that feel it is time to take control of our own information.
We are tired of worthless pointscores controlling our lives.
We are tired of businesses taking our personal information and selling it -- over and over.
We are tired of being financial slaves to predatory lenders.
We invite you to register and join our community
to fight against these abuses.
The GuardMyCreditFile.org is a great resource for those of you looking for credit related information. Take a minute to visit their Credit Issues section and learn more about guarding your credit file.
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