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Old 10-08-2008, 08:30 PM   #25
Sarahmay
Avalon Senior Member
 
Join Date: Sep 2008
Location: Sedona Arizona
Posts: 549
Default Re: Should we obtain cash from our line of credit?

Quote:
Originally Posted by Emman View Post
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.....
Ah, I understand. Do what you feel is best.
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