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Old 10-08-2008, 08:20 PM   #23
Emman
Avalon Senior Member
 
Join Date: Sep 2008
Posts: 37
Default Re: Should we obtain cash from our line of credit?

Quote:
Originally Posted by Sarahmay View Post
I think it is important to live with integrity no matter what happens. Purchasing through credit something you have no intention or ability to pay back is not living with integrity. In the end, your character may be all you have left!

My intention is not to take the money and not pay it back.

My question is simply a survival question: do I get a cash advance on my line of credit while I still can?

There is another thread where Merlyn posts an advice from Jim Sinclair who says to have enough cash on hand for at least one or two months. That is my motive: to make sure we have enough cash on hand for that long. I don't want to dip into credit....but....since I don't have an extra two months of cash from my income handy, I have to consider the option of obtaining it with my credit means.

Thanks.....
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