Friday, August 19, 2011

Payment holiday

Don’t you love it when credit card companies offer to let you skip a payment, calling it a payment holiday, then act like they're doing you a favor?

You do know not to fall for that, right?

The so called "payment holiday" only applies to you sending in the payment. Interest accumulating on your balance never goes on a holiday. Interest steals holidays.
More Debt Management

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