You are viewing a single comment's thread from:

RE: Money and Finance: You’re Pre-Approved! (To be Forever Caught in the Debt Trap)

in LeoFinance4 years ago

The credit schemes are crazy these days, we keep a card for car rentals, travel, etc. But mostly avoid any debt that lasts more than 30 days.

This was such a win for us while Joe was so sick, everything we own belongs to us, no bills!

Posted Using LeoFinance Beta

Sort:  

It's pretty insane! And I imagine it's about to get worse because a lot of the suspension of late fees, collections, evictions and foreclosures just ended on June 30th.

We keep cards for travel because it's all but impossible to buy things like plane tickets, car rentals, hotel reservations and such without them. We also keep them to serve as "documentation" that we're stable enough to qualify for lower insurance rates and such.

Posted Using LeoFinance Beta