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re: Student-Loan Delinquencies Now Surpass Credit Cards

Posted on 11/28/12 at 5:34 pm to
Posted by Teddy Ruxpin
Member since Oct 2006
39647 posts
Posted on 11/28/12 at 5:34 pm to
quote:

Teddy, you're in the 2%. Enjoy the ride.....next year will be an eye opener.....


I don't make a crazy income at all, its just frustrating to want to rid yourself of debt, but taxes are just a huge bite out of earnings.

Of course, if we didn't have taxes, I'd probably make a lot less, since compensation is based on the tax code in part. Just a bummer all around. Mope
This post was edited on 11/28/12 at 5:35 pm
Posted by RetiredG8tr
Pensacola Fl 32503
Member since Nov 2012
44 posts
Posted on 11/28/12 at 5:46 pm to
Teddy,

I'm 62 and can tell you I have been debt free since I was 42. Including cars, mortgage, credit cards, etc.

If the interest on your debt is less than the interest you can borrow, keep the debt. But, soon interest rates will return to their norms. If you have a fixed interest rate and it is below the 10-yearTB, keep it. It might FU your credit score.

Remember, let you money work for you...not you working for your money..

Good Luck....
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