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To: No Blue States
Under the new guidelines, the minimum payment will have to cover the interest and have enough left over so you could pay off your balance in 10 to 12 years if you didn't add any new charges.

What an amazing substitute for self discipline!

2 posted on 12/27/2005 7:15:13 AM PST by Tijeras_Slim ("We're a meat-based society.")
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To: Tijeras_Slim
What an amazing substitute for self discipline!

Well, I wonder what taxpayers will do with that free money they receive as a tax refund ( for being overwithheld) now that they won't have to use it to pay down debt.

12 posted on 12/27/2005 7:20:28 AM PST by 1Old Pro
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To: Tijeras_Slim
What an amazing substitute for self discipline!

For impulse buyers, yes. But sometimes people who have little choice when the car suddenly breaks down, or a plumbing problem crops up, or suddenly you have no heat, well, you don't always have $2K cash on hand. As for me, well, I always pay as much as I can (well, well over minimum due) to keep such debt as low as possible.

14 posted on 12/27/2005 7:22:28 AM PST by theDentist (Qwerty ergo typo : I type, therefore I misspelll.)
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