The Paradox of Plastic Cards Debts

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• afadi nsroJAH 12 years ago

  When you need to borrow money the Mob seem a better deal i think.you don't pay me back,l break your leg.you don't take my house o wreck my credit history/ratings.with the mob you don't even sigh anything.

  When you need to borrow money the Mob seem a better deal i think.you don't pay me back,l break your leg.you don't take my house o wreck my credit history/ratings.with the mob you don't even sigh anything.

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• Ck 12 years ago

  Experience show also that it's not just easy to consciously safe till you get enough to buy that same tv set hence the trouble to get in touch with the creditors.

  Experience show also that it's not just easy to consciously safe till you get enough to buy that same tv set hence the trouble to get in touch with the creditors.

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• Alugu 12 years ago

  This is what I wish our governments know and are conscious of before borrowing $billions from all these "shack" banks from China and other countries.

  This is what I wish our governments know and are conscious of before borrowing $billions from all these "shack" banks from China and other countries.

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• Kojo K. 12 years ago

  I do not actually know where Alex Bossman Baafi got his calculation from, but something in it is essentially wrong!!
  
  It will actually not take 334 Months, but rather only 94 Months to pay back the debt using the numbers fr ...
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  I do not actually know where Alex Bossman Baafi got his calculation from, but something in it is essentially wrong!!
  
  It will actually not take 334 Months, but rather only 94 Months to pay back the debt using the numbers from the example!
  
  Also, the total amount paid back will be "only" $4,655.59 of which $2,155.59
  is the interest!
  
  I do not know if Alex assumes that every month the Principal is §12.50 and the interest $37.50, but if so, then this assumption is wrong cos with every month you pay $50 the principal component will grow and the interest component will get lower!

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• OBAAPA 12 years ago

  I WISH EVERY GHANAIAN LIVING ABROAD WILL READ THIS PIECE AS AN OPEN LETTER TO US. WHETHER WRONG CALCULATIONS OR NOT, IT WORTH READING. PEOPLE ARE STUCK HERE AND CANNOT AFFORD TO GO HOME AS YOU SAID, NOT BECAUSE OF PAPERS BUT ...
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  I WISH EVERY GHANAIAN LIVING ABROAD WILL READ THIS PIECE AS AN OPEN LETTER TO US. WHETHER WRONG CALCULATIONS OR NOT, IT WORTH READING. PEOPLE ARE STUCK HERE AND CANNOT AFFORD TO GO HOME AS YOU SAID, NOT BECAUSE OF PAPERS BUT BIG, BIG DEBTS FROM CREDIT CARDS AND OTHER SOURCES.SOME PEOPLE EVEN DON'T CALL OR RECEIVE PHONE CALLS FROM HOME FOR FEAR OF BEING ASKED TO SEND SOME MONEY DOWN TO SUPPORT HOME. THANKS FOR YOUR ADVICE. A WORD TO THE WISE IS ...

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• Anokwale 12 years ago

  The article gives a good basic education. The main issue is to pay much more than the minimum payment AND do so before the monthly bill comes. In addition, be on the look out for new card offers that will allow you to tran ...
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  The article gives a good basic education. The main issue is to pay much more than the minimum payment AND do so before the monthly bill comes. In addition, be on the look out for new card offers that will allow you to transfer balances at 0% interest for a period of time. A key point most miss is that you should get cards that give you airline miles. If you play it right, you can use your miles to get tickets to fly to take trips to Ghana.

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• Abu 12 years ago

  This article has opened and sharpened my eyes. Thanks a lot to the writer. God bless you.

  This article has opened and sharpened my eyes. Thanks a lot to the writer. God bless you.

  reply
• Mary 12 years ago

  It makes full of sense.

  It makes full of sense.

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