Credit cards are treacherous. You’ve probably heard this before, from your parents or in the newspaper. But when you’re standing with that tiny piece of plastic in your hands at the mall, it’s easy to forget that every swipe equals more cash out of your pocket down the line. It’s even easy to forget when you get your bill in the mail and your eyes scan the paper looking for the magic word: minimum payment.
Of course, not every lender uses minimum payments to keep borrowers in check. Some sites offer temporary loan solutions that are meant to be paid back in their entirety at the end of a given period of time.… Read the rest