Storyboard-Text
- ~~1 MONTH LATER~~Maya makes her second credit card payment and is late, therefore she ends up paying 360.00$ in interest for paying late. Meaning she has payed 360.00$ more than she spent using her credit card.
- Credit Card 18% Interest RateInterest Rate Charged: 360.00$Minimum repayment: 35.00$Total repayment: 2000.00$Repayment made: 35.00$Interest charge: 360.00$New total: 1965.00$
- Credit Card Repayment of 395.00$ AUD
- Maya continues to use her credit card, and she misses her third installment and has to pay interest on it again; she makes the minimal payment, and the cycle continues for another eight years.
- Credit Card 18% Interest RateInterest Rate Charged: 360.00$Minimum repayment: 35.00$Total repayment: 2000.00$Repayment made: 35.00$Interest charge: 360.00$New total: 1965.00$
- Credit Card Repayment of 395.00$ AUD
- Maya falls into financial difficulty and the bank cancels her credit card because she continues missing payments, resulting in a low credit score. She can no longer acquire a loan for a house and now stays at her parents' house, attempting to find out how to get out of her financial dilemma.
- Your credit card has been cancelled
- Your Credit Score is 127. You are not eligible for a home loan.
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