CBN
Millions of Americans are drowning in credit card debt. High interest rates and low minimum payments are just some of the reasons why it is hard for consumers to escape from the debt trap.
The television commercials for credit cards make paying with plastic seem painless. Like the line from a recent MasterCard commercial — “going out to dinner: $50, ordering dessert $16, staying for coffee $8. Giving your kitchen the night off: priceless.”
But they leave out the time it takes to pay it all off and for many people — it’s a lifetime…
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