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To: Paladin2

Oh yes there is... Do the math. It is a scam. We are paying interest on interest. A lot of folks have no clue this is what they are actually paying so the banks are getting away with it.


26 posted on 04/08/2025 5:00:43 AM PDT by Openurmind
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To: Openurmind

Yep, don’t pay the interest and the interest owed is added to the principle [rather than being thrown in debtors’ prison].

Quite simple. It’s just math. Many ways to calculate Interest.

Daze v. Months v. Years is all in the Fine Print.

YMMV

Take a course in Finance.


27 posted on 04/08/2025 5:07:48 AM PDT by Paladin2 ( )
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