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07.01.08, 10:34 AM General Topics
3 replies
Is a HELOC a good way to consolidate credit card debt with high APRs? [ Reply | Watch | Flag ]
General Topics 07.01.08, 10:34 AM Flag
 

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NO! Don't pay off CC debt with home loans. Bad idea. You could lose your house [ Reply | More
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General Topics 07.01.08, 10:37 AM Flag
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makes sense on a cash flow sense, but a bad idea for the reason the above poster cited. If you are really having trouble with debt, you don't want to give up your house. Credit cards they can screw you up if you default, but they can't sell your house out from under you. [ Reply | More
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General Topics 07.01.08, 10:46 AM Flag
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So than what is the best to consolidate credit card debt and avoid taking it up the a** on their ridiculous APRs? (besides not getting into credit card debt in the first place) [ Reply | More
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General Topics 07.01.08, 01:15 PM Flag
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