Have you ever had to take a loan?

I'm considering it. I know I can pay it back I just feel like it might help me to have the cash upfront then pay it back with the lump sums I should be getting.
So Im not rationing so to speak my money.

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Chiefjustice · 46-50, M

Yes, i've had to take loan out.Call it in line of credit.If this is something you are able to afford.And will qualify for it. Line of credit is better than a loan.As it allows flexibility. So check your options.

Mordechai · 31-35, M

I use credit sparingly for bigger things just for the convenience of it

Mellowgirl · 31-35, F

@Mordechai I've never had a credit card before. I have taken a loan for my bed frame. As that was a big purchase but I got 20% off if I did it that way. I mean who doesn't like to save money. And I had the money to pay it off, so never had a late payment

Mordechai · 31-35, M

@Mellowgirl Honestly get a credit card with 0% APR for first 12 months. I got it to build my credit rating but it's genuinely useful.

Just use it tactfully for bigger purchases and pay them off by the next monthly due date.

Mellowgirl · 31-35, F

@Mordechai if I can find 0% Apr I'm seeing a lot of 13.1- 29.25% 😒

Musicman · 61-69, M

Yes I have. The only part I don't like is the "lump sums I should be getting". Should be is not a guarantee. What if they are delayed? Would you still be able to make your payments? If you can't make your payments what happens then?

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