Should I request higher credit limit?
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denice
Apprentice
Joined: 03 Jun 2004
Posts: 16
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 Posted: 12/22/07 - 11:10 Post subject: |
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I took a credit two years ago, I have installment which was 25% of my monthly salary, in mean time my earning have grown and now my credit exposure is 15% of monthly salary.
I have thinking about applying for higher credit limit, but if I take a credit I will have to pay interest. On the other side if I take control of my expenses I can save this 10% and invest. I am in a doubt. Help.
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celle
Apprentice
Joined: 14 May 2007
Posts: 4
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| Posted: 01/21/08 - 02:43 Post subject: |
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| Your credit situation is better than before it’s obviously, but if you need money to invest in something that is urgent or necessary you should take a credit. But if you don’t have plan how you will invest your money or spend, why should you take a credit when you can save that money instead. You can always take a credit card and use it when you really need. |
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