Comments on: Repay Your Debt http://www.briandusablon.com/2009/10/19/repay-your-debt/ This is me. Simple. Sun, 15 Jan 2012 10:17:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: bdusablon http://www.briandusablon.com/2009/10/19/repay-your-debt/comment-page-1/#comment-972 bdusablon Wed, 21 Oct 2009 12:49:05 +0000 http://www.briandusablon.com/2009/10/19/repay-your-debt/#comment-972 Steve, I do agree with you in some cases. If you're in a major bind with the CC companies, then by all means pay them off first. It also depends on the friends/family you owe. Another way to look at is the emotional bind it can put on a relationship. If you owe someone money, there's emotional interest involved as well.<br /><br />As always, thanks for the insight.<br /> --B Steve, I do agree with you in some cases. If you're in a major bind with the CC companies, then by all means pay them off first. It also depends on the friends/family you owe. Another way to look at is the emotional bind it can put on a relationship. If you owe someone money, there's emotional interest involved as well.

As always, thanks for the insight.
–B

]]> By: Steve Howard http://www.briandusablon.com/2009/10/19/repay-your-debt/comment-page-1/#comment-970 Steve Howard Mon, 19 Oct 2009 21:49:31 +0000 http://www.briandusablon.com/2009/10/19/repay-your-debt/#comment-970 I know friends and family are important, but US credit card companies are B R U T A L so I'd advise paying them down first and ASAP. Sometimes I think their actual goal is to bankrupt everyone - why else would they bump up someone's interest rate to 38% (like they did to a friend of mine) when they seem to be a high risk. Such a usurious rate basically *guarantees* that the borrower will default. But I'm not bitter :-) I know friends and family are important, but US credit card companies are B R U T A L so I'd advise paying them down first and ASAP. Sometimes I think their actual goal is to bankrupt everyone – why else would they bump up someone's interest rate to 38% (like they did to a friend of mine) when they seem to be a high risk. Such a usurious rate basically *guarantees* that the borrower will default.

But I'm not bitter :-)

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