When Using Credit Can Be Okay
- You want to purchase a high dollar item that would take quite a long time to save in order to pay in full (i.e. home, car, college education)
- Your purchase will still be of benefit to you long after it has been paid off
- A specific window of opportunity exists for taking action (not to be confused with impulse buying)
- You pay off the balance due in full each month.
- You use it for convenience when traveling
- You want to purchase an item online.
- You want your purchases to be protected by the Fair Credit Billing Act
This is a complicated area of law and an attorney should be consulted on all matters relating to bankruptcy. The information on this website is provided with the understanding that the authors and publishers are not herein engaged in rendering bankruptcy, legal, insolvency, tax, or other professional advice and services. As such, it should not be used as a substitute for consultation with professional bankruptcy, insolvency, tax, legal or other competent advisors. While we have made every attempt to ensure that the information contained in this website has been obtained from reliable sources, Credit Advisors Foundation and Arbor Investment are not responsible for any errors or omissions, or for the results obtained from the use of this information.