Singaporegirl
I don’t know where on earth you got that from!!!
I’m not saying you are wrong, but my reading of things is that the CSA only covers you for those amounts which you have taken out on credit, which, I have to say makes sense.
Whilst I appreciate the words of wisdom given to me here, I must add that I am not in the position to need to raise the cash through credit cards etc as I have gone through the mill, ..have the ’T’ shirt ,..the overdraft and the not very impressive plastic folder with CPL on it.
The credit card is now only needed to live on ..due to an FI's Winter pay!!
The point of the thread was to question threads where posts like ‘use your credit card and ‘go for it’’ and ‘pay by credit card and you are OK’.
I have to say that I suspect that most of these comments come from those who have no idea of the facts of life and what is entailed in entering into such huge levels of debt, in the total misunderstanding that (A).. you can get such huge levels of unsecured debt, and (B), you are totally covered against bad judgement.
The best idea has got to be something, which I believe is called an ESCRO account.
This is an account designed for such circumstances where the buyer does not have full confidence in the seller’s ability to deliver, and the seller does not have full confidence the buyer’s ability to pay when the services are delivered. The account requires both parties to sign before monies are released to the seller. If the seller were to go bust, the buyer would get his money back.
I know that Cabair were ‘kind of’ OK about this a few years ago and perhaps it is the way ahead in the current climate.
Frankly, the idea of paying on half a dozen credit cards is ‘tacky’ if not expensive!
The long and short of things is to listen the advice given over and over and over again…pay nothing but the hour you are about to fly up front! I cant help but believe that most FTO's will understand your concerns right now!!