Don't get Bogged by Credit Cards..here's how you & your Grand Children will Pay
By farazkh1
@farazkh1 (1153)
Pakistan
February 20, 2010 3:20pm CST
Its funny Info graphic but very realistic.I have once been a victim of such "Banking Cartels" by paying money constantly but my Balance didn't came down,so finally i warned them for Blogging Against there Policies and Ignored there Warning about to pay the More Interest just After the Final Payment. Believe me i was in Stress till i took out myself from this "Financial Blackhole"....lol
till and now i have not used a penny from any credit card plus and destroyed that card into pieces..!
http://ow.ly/19sJT
3 responses
@farazkh1 (1153)
• Pakistan
22 Feb 10
Mortgage,Creditcards etc are the signs of "Human Slavery" in the 21st Century by Capitalism, and they are succeeded to make us "Financial Slaves". so its better to Avoid something we can't afford in live your life in Peace rather being chased by the Dogs who Sniff us everywhere we go.
Islam strictly prohibited "INTEREST" Money of any kind and on any situation and who ever will be Involved into this "Evil Trade" will be burn into Hellfire.!
@farazkh1 (1153)
• Pakistan
22 Feb 10
True!
I am not sure that you would Agree with my deeply wish that,At-least people of the world should adapt Islamic economic models and Moral limitations to prevent further damage to the Humanity, and i mean it. just as they adapted the social security laws like pension for old people,funding for the newborns,free medical,free education and policing derived from the times of "Khilafa" even Concept of tax is also the Invention of Muslims by(Abu bakar,Umar bin khattab,Ali & many others R.A) who was the caliphs of Prophet(Mohemmed p.b.u.h).
But they are told us to believe that Islam is Uncivilized religion,which promotes Terror,killing of non-muslims etc...the whole crap by the media.you know what.?
the Capitalism is the monopoly for bunch of Billionaires & Organizations like,freemasons and Zionists....!
@ra1787 (501)
• Italy
22 Feb 10
I am not muslim so i won't reply to the last part of your post, but i surely agree with the first part. Spending more than what we can afford leads to trouble and jeopardizes the future. I admit using a credit card, since it is useful to have plastic money to spend when you don't have cash, but i always pay everything at the end of the month without interests, the 13% mentioned above is the interest rate that they would apply me if i didn't pay monthly the money spent with the card.
It is absolutely wrong to charge people with more than 20% of interest when the discount rate of the fed is almost 0%.
Some people are making a lot of money speculating on the financial problems of the average citizen.
If you can repay debt you deserve a fair interest rate, if you can't then you should not get money and some sort of state welfare should come to rescue.
1 person likes this
@jugsjugs (12967)
•
20 Feb 10
I think that there are alot of people that use a credit card as with all the bills going up all the time and the income staying the same that is the only way they can make ends meet just to even be able to eat that is their only means to buy their food and pay their bills.I just think that the amount of interest that they put on all of their credit cards is discusting.
1 person likes this
@chrystaltears (3392)
• United States
20 Feb 10
Too late for me, but everything I got was free, I guess, except for the worry I went thru.
