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re: Student-Loan Delinquencies Now Surpass Credit Cards
Posted on 11/28/12 at 5:46 pm to Teddy Ruxpin
Posted on 11/28/12 at 5:46 pm to Teddy Ruxpin
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....
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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