Comments on: Skip a Debt Payment: Why It’s a Bad Idea

By: chel

chel — Tue, 06 Sep 2011 00:57:09 +0000

I advanced my car loan payment until January of 2013.Is it okey if I skip one monthly payment (and use that money instead to purchase something).Is it a wise thing to do so?

By: Cd Phi

Cd Phi — Thu, 31 Dec 2009 17:48:28 +0000

Surely the idea of it all sounds really nice but to know the facts behind it is extremely important as well. I, however, don’t really like this option because I’d rather just pay for it and get it off my chest rather than constantly have to worry about one payment.

By: K. Bowen

K. Bowen — Wed, 30 Dec 2009 22:28:48 +0000

Yes, debt can start very easily and then snowball from a small amount. I read a story once of how a person put $3,000 on his card for his wedding and ended up with $10,000+ in debt.

By: Miranda

Miranda — Wed, 30 Dec 2009 14:16:01 +0000

It’s so true that you always pay more when you put it off. It’s always better to pay as soon as possible. You save money, and you have less stress.

By: LeanLifeCoach

LeanLifeCoach — Wed, 30 Dec 2009 02:50:30 +0000

You either pay now or pay later. It will always be more expensive later.

By: Sandy

Sandy — Tue, 29 Dec 2009 19:26:28 +0000

I’m glad that I never got these mailings. It would’ve been mighty hard to turn down the offer.

By: MoneyNing

MoneyNing — Tue, 29 Dec 2009 17:52:31 +0000

Bottom line: Don’t do it. Diligently pay down your debt is the only way to be financially free.

By: Craig

Craig — Tue, 29 Dec 2009 17:14:06 +0000

The interest is terrible. I accidently skipped one when out of the country and it hurt to pay the fines.