Re: Credit Card Question

Posted by LadynRed (65.80.183.99) on July 07, 2002 at 21:28:22:

In Reply to: Re: Credit Card Question posted by rob on July 07, 2002 at 20:58:20:

For once I have to agree with Christine.
I also understand your viewpoint as far as the business is concerned. However, what if it doesnt' make the great profits you're expecting and you've got huge debt on a high-interest card ?? You'll be paying that cc debt back forever. A conventional loan is a time-limited contract at a set interest rate. CC companies will play games with their rates, that's the name of their game after all, and you'll be stuck. At least with a 'standard' bank loan, the rate will not change and you will know exactly when you'll be out from under the debt.

Just another way to think about it...

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