Comments on: The Debt "Secret" http://www.moneyunder30.com/the-debt-secret Personal Finance for the Young and Ambitious Sat, 21 Nov 2009 04:23:03 -0700 http://wordpress.org/?v=2.8.4 hourly 1 By: nick http://www.moneyunder30.com/the-debt-secret/comment-page-1#comment-606 nick Sun, 23 Mar 2008 06:00:06 +0000 http://www.moneyunder30.com/the-debt-secret#comment-606 The rich have been doing this to the poor forever. The banks and the credit companies want to heep you in debt forever. Look at Mortgages: If you made biweekly mortgage payments you could pay off your mortgage 7 years earlier on a traditional 30 year mortgage and save thousands of dollars in interest. But many lenders don't even give the option to do this and the ledners that do typicaly charge you a fee. Or many times even if you pay the lender a bi-weekly payment, they may hold it and pay it monthly, or apply the excess to the interest instead of the principle... The rich have been doing this to the poor forever. The banks and the credit companies want to heep you in debt forever.

Look at Mortgages:
If you made biweekly mortgage payments you could pay off your mortgage 7 years earlier on a traditional 30 year mortgage and save thousands of dollars in interest. But many lenders don’t even give the option to do this and the ledners that do typicaly charge you a fee. Or many times even if you pay the lender a bi-weekly payment, they may hold it and pay it monthly, or apply the excess to the interest instead of the principle…

]]> By: Paul http://www.moneyunder30.com/the-debt-secret/comment-page-1#comment-605 Paul Wed, 26 Dec 2007 06:00:03 +0000 http://www.moneyunder30.com/the-debt-secret#comment-605 All this and not to mention how a credit card company can 'up' your interest rates even if you pay on time always, but pay late on a Different card! All this and not to mention how a credit card company can ‘up’ your interest rates even if you pay on time always, but pay late on a Different card!

]]> By: Money Under 30 http://www.moneyunder30.com/the-debt-secret/comment-page-1#comment-604 Money Under 30 Tue, 18 Dec 2007 14:40:12 +0000 http://www.moneyunder30.com/the-debt-secret#comment-604 Sorry, the post disappeared on me! Should be fixed now. Sorry, the post disappeared on me! Should be fixed now.

]]> By: Amy http://www.moneyunder30.com/the-debt-secret/comment-page-1#comment-603 Amy Tue, 18 Dec 2007 13:18:51 +0000 http://www.moneyunder30.com/the-debt-secret#comment-603 There seems to be a problem with the "three year rule" link. There seems to be a problem with the “three year rule” link.

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