Is it a good idea to use the insurance that I pay on credit card debt? how will it reflect on my credit report

Question

and on future application for personal and business loans if I use it to pay the debt. The debt that I need to pay is $14,000 personal. Thank you for taking the time.

Answer 1

You have to prove that you are on unemployment, then it only pays the minimum payment. Your credit history will remain in good standing. The report will not tell a difference of how the payment was made.

Answer 2

when i checked into using it they told me that you had to apply for and recieve unemployment to make it kick in so if you have a job they wont let you use it and i think that it shows that you didnt pay it but doesnt hurt you all that bad