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Personal Finances / Credit Cards and Consumer Debt
|Subject: Re: Head banging time||Date: 11/6/2012 10:00 AM|
|Author: Jacketfan||Number: 306365 of 308230|
Wow. They didn't even check the interest rate on this? Sheesh.
The article said there were insurance costs built in, which I'm sure weren't expressed in any kind of published interest rate. So they would have had to do the math on their own, if that's what you meant by "check."
That being said, I have a hard time feeling even remotely sorry for them. Not to mention that at the time of the article, they only had 2 years left to pay. The AARP could have picked a much better example to use as a cautionary tale.
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