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05:37 PM
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Lines of credit can be cut if yu get laid off. put cash in savings now instead of making huge credit card payments.
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[quote:Anonymous Coward 648447:MV84MzEwNDFfMTI4Njk1NzVfNDBEQUI0QjY=] [quote:NoMoreCages] GOOD advice. Suzie Orman, famous financial guru, now recommends this. Minimum credit card payments and BUILD UP YOUR SAVINGS. Or, better yet, just tell the CC companies to fuck off...you'll pay them once you receive YOUR bailout. What are they going to do, kill you for not paying? [/quote] Bad advice. Make minimum payments and maintain your credit rating. [/quote]
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if they suddenly cut your line of credit on your credit cards and you willl need to depend on it to live, if you are laid off, then you will have nothing to fall back on.later.. So the new strategy is to put the spare payment monies into your savings account asap for hard times. .pay min payments on cc .....cause you gonna need 8 to 9 months worth of money to pay all your bills so as to live during long lay offs.. .
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