No. of Recommendations: 3
i'd rather have the thing than the debt, for sure.

if something happens and i can't pay the debt, i could lose the thing - perhaps at a time when i need the thing more than ever.

But if you are truly saving the extra money you'd be putting toward the loan then this danger does not actually exist because you could always make an immediate lump sum payment that would either close your loan out (in my case) or bring you awfully close to whatever level you would have been at before by snowballing the loan.

That said, I usually never mess around with situations that could result in loss of my thing :^)
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