Loan against Credit Card
@shilabrata1 (100)
4 responses
@maximax8 (31046)
• United Kingdom
12 Jun 18
It is bad idea financially to withdraw money on a credit card. It would be better to spend on the credit card. It is an awful idea to take out a loan to manage credit card debt. It someone has credit card debt on more than one card they see it as an easy way out. Proper budgeting helps more.
1 person likes this
@shilabrata1 (100)
•
14 Jun 18
Yes it is better to avoid to take loan against a credit card. But sometimes situation compels to withdraw money on a credit card, To take loan is bad in any form
1 person likes this
@porwest (92463)
• United States
14 Jun 18
I generally think it is a bad idea. But I am a strong advocate for people saving money. If you need a credit card for anything it generally means you cannot afford it. The only credit card I use is a Discover card, and I pay it off each month and only use it to collect the cash back rewards.
1 person likes this
@popciclecold (39461)
• United States
14 Jun 18
Sometimes situations can cause us to act, I know it did for me.
@CookieMonster46 (13454)
• United States
22 May 18
Not for me, but some choose to do this. As long as they can pay it back not a problem.
1 person likes this
