All Topics / Finance / Personal line of Credit!

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  • Profile photo of PosEnterprisesPosEnterprises
    Member
    @posenterprises
    Join Date: 2006
    Post Count: 290
    September 6, 2007 - 1:18 am

    Hi is it possible to capitalise the interest on your personal line of credit and is it a good idea to capitalise the interest for personal use?

    any thoughts!!

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,024
    September 6, 2007 - 1:35 am

    Yes it is possible to capitalise the interest with certain lenders in certain circumstances but personally i would not do that where the loan was used for personal circumstances.

    Richard Taylor | Australia's leading private lender

    Profile photo of PosEnterprisesPosEnterprises
    Member
    @posenterprises
    Join Date: 2006
    Post Count: 290
    September 6, 2007 - 1:47 am

    Okay great thanks for that Richard.  I won't do that. 

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