WhereDoesAllMyMoneyGo

Avoid payment holidays (VIDEO) #FLM2013

Preet
Publish date: Sun, 10 Nov 2013, 11:16 AM
Preet
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A Canadian Personal Finance and Investing Blog

If you’ve ever been offered a payment holiday or payment vacation on a credit card or mortgage statement, just remember there is no such thing as a free lunch. The interest that you would have otherwise paid gets capitalized – meaning it’s added to the money you owe.

 

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