Minimum Payments

[Mr President]

The Minimum payment amounts has gone up. Before it was 1% of the outstanding balance. This isn't going to work cause loan interest rates are
6%. So someone could take out a loan and put it in savings and make money off the loan and make there payments just on the interest alone.

The interest rate on a loan is still at 2% which is pretty low. But the repayment amount has gone up a little.

[Mr President]

Just a reminder.. On Friday the payback time goes to 14 days and not 30..

So all you loan sharks, make sure you remember this.. if not then you will be hit with some bad credit..