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Updated over 7 years ago,

User Stats

165
Posts
88
Votes
Adriel Liwag
  • Specialist
  • Los Angeles, CA
88
Votes |
165
Posts

Personal loan vs credit cards

Adriel Liwag
  • Specialist
  • Los Angeles, CA
Posted

Hey BP, I'm not sure if this question has been posted before. But I'm in the midst of reading @Scott Trench's book "Set For Life" (awesome book btw). I'm at the part where he talks about "good debt" and "bad debt" and explains the difference between a personal loan and credit cards. My question is, I've been flipping houses and have been using my CC's to purchase materials, would it be better to open a personal loan and use the loan for the materials instead of CC's?

Thanks in advance for you input.

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