Someone wise once said that you should never lend money to anyone if you expect to be paid back. The Internal Revenue Service (IRS) is sympathetic toward those who lend money—expecting repayment—but subsequently get burned. You can write off bad debts
Bankrate.com’s Credit Card calculator can help you figure out how long it will take to pay off a credit card. As an example, if your credit card balance was $1,000 and you paid $30 per month at 24.00%, it would take you 4.67 years to pay off your balance! You would have paid...