Personally, I think that's more risky, since if you mess up there and you can't pay it all off, you'd be quite screwed, whereas in the case of using it to earn more money, you're setting the borrowed money aside, so paying off the card in an emergancy should be as simple as paying off a normal credit card...? I dunno... not entirely sure. But yes, 40K is a bit much to randomly borrow with the risk of it all suddenly turning into a 20-30% APR loan...
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sforzinda
no subject
Date: 2007-06-13 01:09 am (UTC)