No. of Recommendations: 0
A friend of mine with a sterling credit history and a large income got the better of his cc companies. He recently had a custom home built and paid the contractor in several enormous payments with his credit card and paid off the cc balance with home loan money (this is how I understood it). Now he has enough frequent flyer miles for a trip around the world. I didn't get all the particulars of how he set this up, but I thought it was an interesting debt management strategy.
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