Let me ask this question as if I am sitting at my kitchen table and I get my credit card. In effect, I am paying only the interest on that credit card month after month. That is what we are doing. We are not paying any on the principal. I keep building that principal larger and larger, so it goes on my credit card from $1,000 to $5,000, to $10,000. It stands to reason my interest is going up.
Discussing the implications of increasing debt and interest payments.
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