Comments on: Updated Debt Scales with New Auto Debt http://www.cleverdude.com/content/updated-debt-scales-with-new-auto-debt/ Family, Marriage, Finances & Life Sat, 11 Feb 2012 13:09:32 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: anonymous http://www.cleverdude.com/content/updated-debt-scales-with-new-auto-debt/comment-page-1/#comment-13467 anonymous Wed, 03 Oct 2007 16:30:27 +0000 http://www.cleverdude.com/articles/finances/updated-debt-scales-with-new-auto-debt/#comment-13467 Why the dilemma about where to put the debt? The credit card debt is credit card debt, whether it's "new" or "old". Using this logic, you could just as easily have transferred your "old" credit card debt to a "new" credit card, and called the "old debt" paid off. Personally I find it more helpful to simply add up all my debt. That way I can't delude myself about which debt is "real" and which debt "isn't real because I'm going to pay it off Real Soon Now". Why the dilemma about where to put the debt? The credit card debt is credit card debt, whether it’s “new” or “old”.

Using this logic, you could just as easily have transferred your “old” credit card debt to a “new” credit card, and called the “old debt” paid off.

Personally I find it more helpful to simply add up all my debt. That way I can’t delude myself about which debt is “real” and which debt “isn’t real because I’m going to pay it off Real Soon Now”.

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