Using PF to clear my dues?

[Psingh09]

IS IT GOOD IDEA TO USE MY PF BALANCE TO CLEAR CREDIT CARD DUES, DONT HAVE ANY OTHER OPTIONS I HAVE SOME PL as well

 

[zacobite]

IS IT GOOD IDEA TO USE MY PF BALANCE TO CLEAR CREDIT CARD DUES, DONT HAVE ANY OTHER OPTIONS I HAVE SOME PL as well

are you overdue / defaulting.. then you can also take a loan on ur pf and clear your dues

 

[TaxWiser]

IS IT GOOD IDEA TO USE MY PF BALANCE TO CLEAR CREDIT CARD DUES, DONT HAVE ANY OTHER OPTIONS I HAVE SOME PL as well

Since you are stuck in such a poor financial situation, it shows that you’re not so good at managing your finances. But that's okay – it happens to the best of us.

My personal recommendation would be to focus on clearing all your dues first, even if it means dipping into your investments and savings. Once you’re debt-free, take some time to learn about managing personal finances. After that, consider getting insurance if you don’t already have it, and then start your investment and retirement planning from scratch.