Tilted Forum Project Discussion Community - View Single Post - Does anyone experience a "comfort zone" when being manageably in debt?

Xazy · 07-20-2005, 03:38 AM

I was unemployed at one point for 6 months, and put everything on my credit card. since then (and before then) paid it all in full. You have to realize you are paying normally concervatively 10%+ on anything left on it. Why pay more for that loan then you have to? The only balance I have left on my credit card recently was a 0% rate for 6 months, I took all the money out and dumped it into ing, and got 3% interest, and paid it off after the 6 months (never spent the money wouldn't touch it).

Personally I charge everything and anything, get a points card, as well. Think about it, if you pay it off every month, you get points, and most point cards are free, they are paying you to give you an interest free loan!

Debt, financial stress is what can ruin a family.

07-20-2005, 03:38 AM	#15 (permalink)
Xazy People in masks cannot be trusted Location: NYC	I was unemployed at one point for 6 months, and put everything on my credit card. since then (and before then) paid it all in full. You have to realize you are paying normally concervatively 10%+ on anything left on it. Why pay more for that loan then you have to? The only balance I have left on my credit card recently was a 0% rate for 6 months, I took all the money out and dumped it into ing, and got 3% interest, and paid it off after the 6 months (never spent the money wouldn't touch it). Personally I charge everything and anything, get a points card, as well. Think about it, if you pay it off every month, you get points, and most point cards are free, they are paying you to give you an interest free loan! Debt, financial stress is what can ruin a family.