The Motley Fool Discussion Boards

Previous Page

Personal Finances / Credit Cards and Consumer Debt


Subject:  Re: Using my credit to finance a car Date:  5/20/1998  10:27 AM
Author:  PSUEngineerFool Number:  1714 of 310999


I am a little concerned about your plan to use your stocks as a backup to pay the full debt. Even though the economy is humming along and jobs are plentiful, you have to consider a layoff or drop in the stock market. A drop in the stock market like October 1987 could mess up your plans. Nothing is guaranteed.
Copyright 1996-2016 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us