I don’t get people who use credit cards and buy a $3500 TV, and pay 18 percent interest on their credit card because they can’t afford to pay the bill on time.
That’s why I’ll never go in debt, especially getting a mortgage for a home. The bank charge a bunch of interest and I’m just making them richer. Remember, the real owners of this country are the bankers and corporate owners.
But it’s all fair game, if people are stupid enough to borrow money from the bank that they can’t pay back, then the bank has the right to charge them whatever interest they agreed on. You know, capitalism and stuff.
And then the bank just go and put your house on auction because you can’t afford to pay back the 18 percent interest on the mortgage, or for some people, the $3500 TV. Haha.
If you want to learn more about the ins and outs of mortage, go to this Mortgages website for more info. Or go read the mortgage payment protection article. Or bad credit remortgage.
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