Debtfree Magazine October 2017
SA"s Free Monthly Debt Review & Debt Counselling Magazine. Oct 2017 issue: We discuss how long it is going to take you to pay off your debts (incl through debt review). We also have profiles, advice, news and more.
SA"s Free Monthly Debt Review & Debt Counselling Magazine. Oct 2017 issue: We discuss how long it is going to take you to pay off your debts (incl through debt review). We also have profiles, advice, news and more.
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HOW LONG DOES IT TAKE TO REPAY DEBT?<br />
CREDIT THAT<br />
ROLLS OVER<br />
Some accounts have an overdraft facility, which allows a consumer<br />
to spend a bit more than they actually have in their account. The<br />
limits can differ based on each consumer.<br />
As long as money comes back into the account pretty regularly each month,<br />
the credit provider will let you use the credit and be happy to charge you<br />
fees on the debt. You have serious problems only if you stop paying or the<br />
credit maxes out.<br />
Payback your credit card in full within 55 days and you are not charged<br />
for the credit. Miss the deadline and fees begin to apply. Many credit card<br />
calculations are based on 18 or 24 month repayment terms.
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