Thread: Credit Card Industry May Cut $2 trillion In Credit Lines
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Old 10-27-2009, 05:58 AM  
BlackCrayon
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Join Date: Jun 2003
Location: Ottawa
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Quote:
Originally Posted by Sly View Post
I don't quite follow you. Why would someone be more willing to quickly pay off their debt at 9% as opposed to 24%?
Because it feels like more is going to the actual debt rather than just paying off the interest and getting nowhere.
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