Quote:
Originally Posted by cmyx6go
How is the fee only $4? Are you taking interest into consideration? $87 x 12 months is $1044. You'll pay $144 more than the $900 you charged. That's what, about 16% interest? In the scope of things, $144 over a year isn't a lot of money but why do it?
Plus the amount of money you owe makes up 30% of your credit score.
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I was not. My credit score is over 800 and I’m in better financial position than people here. My mortgage is also 2.75%…lower than the peanut gallery.
Thanks for input.