If paying down $650 million in debt will only reduce interest payments by $130 million per year, then New Jersey must be borrowing from loan sharks, or Credit Card Companies at 20% per year. Can't they restructure the debt to a more reasonable figure?
Sent to New York Times
2 comments:
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There are various financial services in the market that offer credit card debt management for people who are not able to manage their multiple credit card debts. Hopefully people can find the help they need to eliminate debt. Thanks for the info!
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