Should I put the return money in a CD to borrow against and pay back over time as opposed to spending then saving up?
Here's my thinking: if I set aside $3500 in a cd, I've got $3000 or so I can borrow against. I could afford my surgery 6mo sooner if I use our return money. So, I get the surgery with the loan, and we pay it off over the next 6 mos. So then, I have $3000 to borrow again to get a flatbed for our pickup in 6mos after the loan for my surgery is repaid, instead of waiting a year to save up.
These small loans can also help rebuild the terrible credit I gave myself, as well as start in on my husband's medical bills as well.
Ideas? Thoughts? Is this a good plan?
Answer by Erica_Smerica at 7:56 PM on Mar. 31, 2011
Answer by SherriPie at 7:59 AM on Apr. 1, 2011
Answer by Anonymous at 9:15 AM on Apr. 1, 2011
Answer by mama2three717 at 5:19 PM on Apr. 3, 2011
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