On any list of terrible ideas – racking up credit card debt is pretty high up there.
Besides the fact that you’re buying things you can’t actually afford, you also end up paying much higher prices for those things thanks to a sneaky mechanism called ‘interest.’
If you’ve ever lent someone money or delayed a payment on a debt – or even taken out a cellphone account – then have a quick listen as Legalese lawyer Eitan Stern covers everything you need to know about how much you should be paying on what you owe.
