No. of Recommendations: 0
As things can happen, I had my refrigerator die, my computer died, the brakes went on my car, my wife's car blew a head gasket, and all this happened after we contracted to have our carpets replaced. We got rid of the old cars, and now we all of sudden have a lot of debt.

In my opinion, credit cards are exactly for this type of thing, those unplanned expenses. However, I now have to get this paid down. To do so means I am stopping paying in the DRiPs, and selling some stock. Hopefully, the credit card balance will be back to zero in a few months.

Paying the debt is like a guaranteed 12% return, because I'm paying that much in interest. I haven't signed up for all the cards with the teaser rates, because having too large a line of credit isn't a good thing. Also, I made that mistake once before, and had four credit cards. I found it hard to track the required payments. Not worth the hassle.
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