Credit Card Statement:
The above is a real credit card statement and an example of how many years it will take to pay off the balance of $8,160 if you ONLY pay the minimum payments.
Yes – 28 years!!
And you'll end up paying a total of $18,885!
That's $9,589 in interest – more than DOUBLE the amount owed.
If you want to see YOUR calculations, click here to see how long it's gonna take you to pay off your credit card debt: