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 Debt Consolidation San Diego

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Posts : 211
Join date : 2011-04-24

PostSubject: Debt Consolidation San Diego   Tue Nov 22, 2011 11:06 am

Many people argue that the repayment period for a closed-end second mortgage is longer than that of credit cards. But, with penalty rates and fees tacked onto the compounding interest, many consumers are getting caught in the spiral of "negative amortization," which is what regulators call it when consumers make payments but balances continue to grow because of penalty costs.

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