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Info It is never wise to use credit to pay credit!

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MoneyBlitz

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I know a lot of people do this. I know some personally who do and continue to do so. Someone in my own family has done this for years and they have yet to recover from credit card debt.

The reason I am making this thread is to warn people against it. If you have done it yourself, feel free to share your experiences with it. I don't know a single person who benefited from it long term. It just makes it harder and harder to get out of debt.
 

Financee

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I agree with this 100%. You end up trapping yourself in a loop. Sure, you may pay off some smaller debts this way but then you end up hurting your scores in the long wrong. Focus on paying the bigger debts off first.
 

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