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Refinancing or Equity Loan, what should I do
Posted on 11/11/12 at 6:07 pm
Posted on 11/11/12 at 6:07 pm
I'm looking into consolidating debt from 3 credit cards total approx $25k. What option is best for me to get rid of that debt and those cards forever?
Posted on 11/11/12 at 8:39 pm to Globalx39
You haven't provided nearly enough information. Any other assets? Any equity in a home? Anything at all you can borrow against at a lower rate?
Posted on 11/11/12 at 9:21 pm to Globalx39
I hope you are the exception, but most people who use the equity in their house to pay off credit cards ultimately end up with the cards maxed out again and the extra debt they snowballed into their mortgage ....be carefull.
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