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re: Consolidating credit card debt with mortgage

Posted on 6/20/13 at 10:40 am to
Posted by kevv824
Member since Sep 2006
2386 posts
Posted on 6/20/13 at 10:40 am to
Get a heloc, don't put it with the first mortgage.
Posted by ACT
Member since Sep 2010
1121 posts
Posted on 6/20/13 at 10:49 am to
quote:

Get a heloc


Go on..
Posted by mglsu21
Prairieville
Member since Jun 2012
1261 posts
Posted on 6/20/13 at 10:59 am to
quote:

Get a heloc, don't put it with the first mortgage.


I am not trying to make a generalization about people or the OP, but usually when consolidating credit card debt a HELOC is a bad idea. That would give the person the ability to run up more revolving debt with an open ended line. It would be the same as having the credit cards, just a smaller interest rate.
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