Personal finance gurus usually treat credit card debt as the plague and urge consumers to pay it off--ASAP. But this week, Queen of Personal Finance Suze Orman announced on The Oprah Winfrey Show that the old advice is wrong. The recession has made job loss so prevalent, she says, that consumers now need to make creating an emergency fund with eight months worth of expenses their top priority.
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http://biz.yahoo.com/usnews/090403/03_suze_orman_and_the_new_rules_of_credit_card_debt.html?.&.pf=banking-budgeting