The real cost of debt
January 18, 2009 | South Dakota, industry, media coverage, states | Comments (0)From the Times & Democrat out of South Carolina:
Late fees, over-the-limit fees, participation fees and annual fees can add to the cost of credit.
Another factor that adds to the cost of credit, even if you pay on time, is paying your bills by phone where the fee can cost anywhere from $3.95 to $15.95 per transaction. There is no standard charge found among the mass of credit card companies, and none of the above is tax deductible.
These type of calculations are made by payday loan customers everyday as they decide how best to make it until payday.
Comments»
No comments yet.