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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Credit Card Debt?
I know there are ways to consolidate cc debt but what if you only have 1 cc that needs to be paid off? Is there some way that you can use the equity in your home to pay off the card? I know if you refinance you can do this but my rate is lower than the rates now so that would not work. Thanks!
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Posted 2/13/06 10:21 AM  |
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DjPiLL
Member since 5/05 3664 total posts
Name:
Richard
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Re: Credit Card Debt?
You can take out a home equity line of credit that will not affect your existing mortgage. Just keep in mind interest rates for HELOCs are currently very high right now (7% and up in some cases).
A 0% interest for a year credit card balance transfer might be a better option depending on how long you plan on paying it off.
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| Posted 2/13/06 10:28 AM |
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june262004
But I love the Snow!
Member since 5/05 15379 total posts
Name:
Kristin
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Re: Credit Card Debt?
We took out a HELOC to consolidate our cards
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| Posted 2/13/06 10:30 AM |
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