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Making it even easier to keep yourself out of debt, at least until you fall for one of those payday loan scams.
by jasonkostempski 10y ago
Making it even easier to keep yourself out of debt, at least until you fall for one of those payday loan scams.
- op00to 10y agoDebt isn't bad. I recently purchased a car. Given my credit, I was offered 1.8% financing with first months interest paid for. If I took it, they would throw in a bunch of perks like lifetime oil changes, loaner cars for repairs, etc. I did, drove home, immediately paid off the loan, and continue to enjoy the benefits. No worrying about bank checks or cash or whatever. Credit makes my life so much easier. Credit and even debt is not the problem - it's living beyond your means.
- kstenerud 10y agoWhat I did was take the money I would have used to pay the car off, and instead put it into a term deposit for the same duration as the loan payments, thus earning myself a couple percent above the loan rate with no risk.