I definitely
agree on credit card debt - stay far away from it.
Not exact matches
I
agree with him
on not voting to raise
debt ceiling - if you «reoverdrawn
on a
credit card can't pay, do you take out a loan to pay it off with no ability to pay?
A signer
on a
credit card account who
agrees to pay the outstanding
debt on that account should the primary cardholder default.
To speed up this process you should always pay bills
on time as experts
agree that
credit cards can be great tools for improving
credit scores but only if monthly
debts are paid
on or before the due date.
Further,
debt accrued
on a personal loan won't negatively impact your
credit score in the same fashion as it would
on your
credit card (provided you stick to the payment schedule as
agreed upon with your lender).
In that way, you'll be
agreeing to take
on an unsecured
debt just like
credit card debt.
I definitely
agree with jimma,
credit cards and loans can really put you
on bad
debt.
Making minimum contractual payments as
agreed on credit cards, loans and lines of
credit means that someone protects their
credit rating when they first start out with the various
debts.
Paying your
debts as
agreed, establishing a healthy mix of
credit types, and maintaining low balances
on your
credit cards can all contribute to rebuilding your
credit.
If you and your spouse owe
debt on credit cards, car loans, or medical bills, creditors can still undertake collection actions against you even if a majority of the
debt is your spouse's or he or she defaults
on payments he or she has
agreed to pay off.