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Reply to "S/O How to be comfortable with debt"
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[quote=Anonymous]CC debt is a bad idea generally. But the reality is large purchases sometimes need to be financed. A line of credit is generally better. Secured line can mean an interest rate of prime plus or minus one. Anyone who claims that a reasonable amount of such debt at 3-4% interest, e.g. $300-400 year per 10k in borrowing is being financially prudish. The "right" amount of course will depend on your individual financial situation. [/quote]
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