Blog: Credit card debt Should you settle it immediately if you can?

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2 comment(s). Last comment by iafx 2013-06-30 23:54

Micheal Teo

121 posts

Posted by Micheal Teo > 2013-06-30 23:37 | Report Abuse

It all depends whether the money taken from credit cards is for investment that is productive debt or purely to splurt on the latest smartphone etc...which is consumer debt. I used credit card BTR of 0-5.99% for 6-12 months to invest in Bursa. After GE 13 I liquidated repaid my accrued amount n balance I went for holidays. Its calculated risks. My personal view only.

iafx

4,632 posts

Posted by iafx > 2013-06-30 23:54 | Report Abuse

never borrow c.card to invest stock, once u spent all the lucky $ u will borrow again, it's juz a matter of time... rather, buy small, slow, despite not so impressive, but worst case juz keep and stay low, overtime it become huge. if not once broke with debt, it take ages juz to repay interest!

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