An honorable member of the Coffee Shop Has Just Posted the Following:
Was at the bank this morning to do some transaction noticed quite a number of people, queuing to make payment for their Line of Credit. The interest chargeable is pretty high, as I have received calls from these banks to apply and make use of these Line of Credit.
Moneyline, Cashplus, RC, etc, are just some of the more fanciful names. End of the day, interest is being charged and a person is paying through their nose.
While I understand the amount is normally 4X a person's salary, what ever happened to saving for a rainy day, or in this age, instant gratification is all that counts.
Click here to view the whole thread at www.sammyboy.com.
27-12-2013, 11:30 AM
Moneyline, CashPlus, Ready Credit, Creditable, Etc : Line Of Credit=more debts??
