[Kamui4356]

Originally Posted by Xellos-_^

Chalk it up to the law of unintended consequences: A team of American and British researchers found that when debtors are presented with information about how much interest they will pay if only minimum payments are made — information currently required on credit card statements under the CARD Act — they are more likely to pay only that minimum amount and no more, increasing both the duration of their indebtedness and the amount of interest they eventually pay.

http://moneyland.time.com/2011/11/17...ivate-debtors/

Most people are bad at math and can't use numbers to make an informed decision? Who knew?