Comments on: Using Credit to Leverage Your Debt – Does It Make Sense To You? http://www.askmrcreditcard.com/creditcardblog/using-credit-to-leverage-your-debt-does-it-make-sense-to-you/ Latest Credit Card News, Reviews and Information Thu, 18 Mar 2010 08:04:55 +0000 http://wordpress.org/?v=2.9.1 hourly 1 By: Connie Brooks http://www.askmrcreditcard.com/creditcardblog/using-credit-to-leverage-your-debt-does-it-make-sense-to-you/comment-page-1/#comment-94093 Connie Brooks Sun, 04 Jan 2009 00:25:12 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2837#comment-94093 Thanks for your comment Matt. You are very right, the current economic conditions make leveraging debt much more difficult for those without a stellar credit rating. The funny thing is, the better your credit rating, the better chance of success I would say is possible when leveraging your debt. People with high credit ratings don't abuse their charging privileges, and my personal opinion is that it makes them less likely to fall into the "leverage trap" of re-charging their accounts. Thanks for your comment Matt.

You are very right, the current economic conditions make leveraging debt much more difficult for those without a stellar credit rating.

The funny thing is, the better your credit rating, the better chance of success I would say is possible when leveraging your debt. People with high credit ratings don’t abuse their charging privileges, and my personal opinion is that it makes them less likely to fall into the “leverage trap” of re-charging their accounts.

]]> By: Matt SF http://www.askmrcreditcard.com/creditcardblog/using-credit-to-leverage-your-debt-does-it-make-sense-to-you/comment-page-1/#comment-94078 Matt SF Sat, 03 Jan 2009 22:06:01 +0000 http://www.askmrcreditcard.com/creditcardblog/?p=2837#comment-94078 Nicely said... I second your argument because not using an excellent credit history to your advantage is really throwing money down the drain. Too bad anyone with a pulse and a pen could leverage up during the good times. Nicely said… I second your argument because not using an excellent credit history to your advantage is really throwing money down the drain.

Too bad anyone with a pulse and a pen could leverage up during the good times.

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