Comments on: Dreaming Big: The Luxury Credit Cards http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/ The best Credit Card Debt Blog online Wed, 17 Mar 2010 10:38:55 -0400 http://wordpress.org/?v=abc hourly 1 By: Dorsey http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/comment-page-1/#comment-49469 Dorsey Wed, 16 Sep 2009 21:01:22 +0000 http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/#comment-49469 Actually, some of these instruments are very good if used correctly. Credit cards should never be used for long term financing. But, in conjunction with a rewards system they can be beneficial. The use of an interest only loan “solely to help in times of extreme cashflow” would also be a poor choice. If the consumer doesn’t know why he would want an I/O mortgage, other than he is buying more house than he can afford, he should be saving for a down payment on a conventional, fixed loan. Actually, some of these instruments are very good if used correctly. Credit cards should never be used for long term financing. But, in conjunction with a rewards system they can be beneficial.

The use of an interest only loan “solely to help in times of extreme cashflow” would also be a poor choice. If the consumer doesn’t know why he would want an I/O mortgage, other than he is buying more house than he can afford, he should be saving for a down payment on a conventional, fixed loan.

]]> By: Memorial Weekend Roundup @ PF Bloggers : Girls Just Wanna Have Funds http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/comment-page-1/#comment-2228 Memorial Weekend Roundup @ PF Bloggers : Girls Just Wanna Have Funds Sat, 24 May 2008 01:53:01 +0000 http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/#comment-2228 [...] Dreaming Big: The Luxury Credit Cards @ Master Your Card [...] [...] Dreaming Big: The Luxury Credit Cards @ Master Your Card [...]

]]> By: MyMoneyAdventure http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/comment-page-1/#comment-2193 MyMoneyAdventure Fri, 23 May 2008 01:21:59 +0000 http://masteryourcard.com/blog/2008/05/22/dreaming-big-the-luxury-credit-cards/#comment-2193 I'm on my way to the black card!! I’m on my way to the black card!!

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