Dating off debt
In other words, your required minimum payment is $400 per month.
Dozens of offenders were arrested in May following an investigation by the Southeast European Law Enforcement Center into an alleged customs fraud.
The organisation, which comprises 12 member states, said at the time: 'The offenders choose the Bitcoin way of investing/saving the money, because it is rather difficult to be tracked and followed.' The virtual currency is made up of lines of computer code which are digitally signed each time they travel from one owner to the next.
If you are near retirement or have already retired, you don't want debt hanging over your head.
But if you haven't been able to pay off those nagging credit card bills, you may be wondering if you should dip into retirement money to rid yourself of those debts. Paying debt In most cases, it's a bad idea to drain your 401(k), IRA or other retirement assets to eliminate credit card obligations.
Users often combine their processors virtually to work together completing millions of calculations per minute between them.
But if you've already retired, you can't borrow money from an employer-sponsored retirement account, such as a 401(k), 403(b) or 457 plan.So this strategy will only work for people who are still gainfully employed and whose retirement plans at work permit borrowing. You've got $20,000 worth of credit card debt and that 15 percent interest isn't making it any easier to pay off.
The question is: how should you go about doing this?It can be bought and sold using regular cash, but the actual coins exist only in cyberspace in the form of a numerical code.Once purchased, they can be exchanged for some goods and services, like normal money or transferred into other currencies.But the surging value of Bitcoin means that the haul of 213,519 is now worth a staggering $3.3billion.That is enough to pay off almost a quarter of Bulgaria's national debt, although it is not known what the authorities have done with the currency.Your credit card company only requires that you pay 2 percent of the outstanding balance each month.