What is Credit Card Stacking? - podcast episode cover

What is Credit Card Stacking?

Aug 11, 20216 min
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Episode description

If someone or a company suggests you use a strategy called credit card stacking to leverage available credit to buy something large- think twice! Better yet, think twice more- it is usually NOT a good idea and I have experienced the "offer" of this before and so grateful I didn't do it. But I know of people who have and get absolutely buried in debt and feel like they are stuck because most of their payment is now going to interest and not paying down that balance. It could be a trap and will catch you and pull you down. Be careful if using this method of borrowing to purchase is something you are considering.

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