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by nailer
3386 days ago
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> What's risky about using a credit card to buy a kayak? If you don't pay back the debt, in 72/(interest rate) (interest rate period) the kayak will cost twice the price. http://www.investopedia.com/ask/answers/04/040104.asp I think we're agreed on the core principle here though: > I think for the vast majority of individuals just trying to make good personal finance decisions, "don't take on debt" is (on average) great advice. 100% |
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