Consolidating credit card debt suze orman who is sarah paulson dating
However, credit cards have much higher interest rates.
The longer you put off paying down your credit balances, the more money you lose.
"And sometimes, depending on where you live, it makes sense to simply rent." That's particularly true if you're in an expensive city.
bought a Cartier watch with money borrowed from her 401(k) — just to impress a woman she was dating.
Life is unpredictable, and if anything happens to prevent the borrower from repaying the loan, you’ll be on the hook to make the payments.
Plus, if the borrower is so much as late on a few payments, your credit score can take a hit.
"Don’t think that they’re always going to have your best interest at heart, because probably they have their own best interest at heart,” Orman says.
When selecting a financial professional, make sure he or she is a "fiduciary," which means your adviser has a legal duty to act in your best interest.