Formatted much better on the actually WSJ site, if you aren't blocked by paywall. (wsj.com)
Ms. Finol hasn’t used her T.J. Maxx credit card in more than a year. She makes the minimum monthly payment on its balance of approximately $7,500. Her monthly statement says if she continues at this pace, she will need about 23 years to pay it off.
lol wut?
First, store credit cards usually have ~18% interest rates. You should never use them, except as a gateway to build a credit score, and you should never carry a balance.
Second, how THE FUCK do you spend over 7k at TJ MAX, what the hell lady??? That's just her current balance. We can assume it was once higher!
[Formatted much better on the actually WSJ site, if you aren't blocked by paywall.](https://www.wsj.com/articles/families-go-deep-in-debt-to-stay-in-the-middle-class-11564673734)
>Ms. Finol hasn’t used her T.J. Maxx credit card in more than a year. She makes the minimum monthly payment on its balance of approximately $7,500. Her monthly statement says if she continues at this pace, she will need about 23 years to pay it off.
lol wut?
First, store credit cards usually have ~18% interest rates. You should never use them, except as a gateway to build a credit score, and you should never carry a balance.
Second, how THE FUCK do you spend over 7k at TJ MAX, what the hell lady??? That's just her current balance. We can assume it was once higher!
(post is archived)