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re: Payment options when buying a firearm

Posted on 8/31/11 at 8:44 am to
Posted by TopWaterTiger
Lake Charles, LA
Member since May 2006
10225 posts
Posted on 8/31/11 at 8:44 am to
quote:

If you can pay with cash full put it on a credit card and pay off the credit card. Don't carry a balance. Pay that off. Credit card credit is different from structured loan credit. It's revolving debt. If you can form a history of buying on credit and paying off in full each month it's a lot better then carrying the balance. Think of it this way. What sounds better? Buying something for $1K and paying it off or taking 6 months to pay off that same $1k and paying interest?


quote:

This is what I've always been told


Truth....buy it on your card then pay it off next billing cycle. That will help build your credit!
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