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Re: Tenchu post# 103229

Tuesday, 07/26/2011 6:23:12 PM

Tuesday, July 26, 2011 6:23:12 PM

Post# of 151823

OK Dukey, how about I keep running up the bill on my credit card, then vote myself a credit limit increase?


The proper metaphor would be to vote for yourself the opportunity to pay off the credit card by taking out another bank loan with lower interest, and longer-term repayment options.

To your point, it helps you to pay off the credit card, but you're still in debt.

However, fail to pay off the credit card altogether, then Duke has a point, and you're in default.
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