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re: Boat Loan

Posted on 7/7/14 at 8:04 am to
Posted by Ole War Skule
North Shore
Member since Sep 2003
3409 posts
Posted on 7/7/14 at 8:04 am to
quote:

Taking a loan out for a 12 year old boat doesn't make much sense to me. If you need a loan to pay for a luxury, non-essential item, it better be a little more reliable and new. How do you plan to pay for all the repairs



especially considering there is a credit card balance that can't be paid off

I just cannot imagine how anyone would ever carry any balance on a credit card.

Posted by foshizzle
Washington DC metro
Member since Mar 2008
40599 posts
Posted on 7/7/14 at 9:25 am to
quote:

I just cannot imagine how anyone would ever carry any balance on a credit card.


0% APR is a fine reason to carry a balance. Other than that, probably not.
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