Recently my wife and I were both laid off. I had a small amount of credit card debt that I was slowly paying off and decided to go ahead and pay them all off at once with the severance pay that I got.
What was I thinking? Well, two things primarily. First, it wasn’t a lot of money and if we need them we can still use them. Second, if I didn’t do it now it was just be that much longer before I did and hopefully it will help my credit rating that much sooner.
The real question is, was this a good idea?
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