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by jpatokal 3657 days ago
> You can very easily see if credit card interest of 20% will help or hurt you achieve your goals/lifestyle if you do the math.

Is there any scenario where paying 20% interest on credit card debt (or, rather, getting into a scenario that requires that) would help you achieve your financial goals?
2 comments
fwn 3657 days ago
Don't know about "financial goals", but goals: If your utility gain from the 20% interest is lower than the utility gain from the instant availability of that money.

I can think of various situations where, if there were no better products available, this might end up making sense.

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sokoloff 3657 days ago
Short term bridging of a company (or real estate portfolio). It's not so much the 20% APR that kills you; it's the length of time that you pay it.
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