monument credit card charging money for payment break plan, why?
2006-07-24 06:01:45 · 3 answers · asked by Anonymous in Business & Finance ➔ Credit
I think its to do with taking a few months or so where you don't pay back your debt. Used when its a tight month.
Best thing to do is ask them about it
2006-07-24 06:07:10 · answer #1 · answered by Anonymous · 0⤊ 0⤋
it's a cleaver marketing buzzword. Payment break allows you miss a payment on your loan, credit card or mortgage. However, the catch is you still have to pay interest. There is no such thing as free lunch as far is the bank's are concerned.
2006-07-26 19:26:03 · answer #2 · answered by Jas 2 · 0⤊ 0⤋
It has something to do with 'banks need to make a profit' this means they have brokers who make insane investments that end in civil unrest and then new misleading financial products turn up that cost more than you could ever imagine.
2006-07-24 06:06:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
Its a con they get to charge you more interest
2006-07-24 06:06:13 · answer #4 · answered by Ollie 7 · 0⤊ 0⤋