What is the interest in this personal loan because with your credit score and current market conditions I don’t see how you’re going to qualify for anything better. Better than a credit card, maybe.

It would be interesting I think. But if someone couldn’t afford an emergency unexpected bill like a vet or doctor, they don’t have an emergency fund, so their finances probably aren’t the best. And those are the people most susceptible I would say to falling behind on a credit card. Like I said. If you 100% have the discipline to pay it off every month, go for it. But I think that also means you have a healthy emergency fund so that an emergency doesn’t cause you to not be able to pay it off at the end of the month.

Yeah I don’t know the exact numbers. But I think a lot more than 45% started out saying I’ll just pay it off every month. Roughly 900 billion in American credit card debt can’t be wrong ….

Only if you have the discipline to pay it off every month. 2% cash back isn’t worth the headache for me. And if you miss one month and carry over a balance the 22% interest is going to eat into that cash back real quick. I know Dave Ramsey isn’t the most popular around here and yes he’s very conservative on debt, but he’s not wrong that not everyone that says they’ll just use a CC for rewards and pay it off every month actually don’t. Actually most don’t.