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troit · 10-28-2003, 07:54 AM

If you are able to defer them and do not have an abundance of cash laying around -- why not and defer them. The interest rate is about as low as you are going to get on any loan you will receive during your lifetime and you will be able to start making the payments in a year or so after you have had the opportunity to save up a bit of cash which you can use as a cushion for emergencies.

The trick here though is having enough disciple to save that cushion.... Don't make the same mistake that a lot of us did and rack up that credit card debt at a young age because from experience I can tell you it takes years (8 in my case) to get out from underneath that debt load.

10-28-2003, 07:54 AM	#3 (permalink)
troit Transfer Agent Location: NYC	If you are able to defer them and do not have an abundance of cash laying around -- why not and defer them. The interest rate is about as low as you are going to get on any loan you will receive during your lifetime and you will be able to start making the payments in a year or so after you have had the opportunity to save up a bit of cash which you can use as a cushion for emergencies. The trick here though is having enough disciple to save that cushion.... Don't make the same mistake that a lot of us did and rack up that credit card debt at a young age because from experience I can tell you it takes years (8 in my case) to get out from underneath that debt load. __________________ I've yet to dephile myself...