LIFamilies.com - Long Island, NY


RSS
Articles Business Directory Blog Real Estate Community Forum Shop My Family Contests

Log In Chat Index Search Rules Lingo Create Account

Quick navigation:   

Credit Card Debt?

Posted By Message

hazeleyes33
LIF Adult

Member since 5/05

13060 total posts

Name:
Ginger

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!

Posted 2/13/06 10:21 AM
 
Long Island Weddings
Long Island's Largest Bridal Resource

DjPiLL

Member since 5/05

3664 total posts

Name:
Richard

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.

Posted 2/13/06 10:28 AM
 

june262004
But I love the Snow!

Member since 5/05

15379 total posts

Name:
Kristin

Re: Credit Card Debt?

We took out a HELOC to consolidate our cards

Posted 2/13/06 10:30 AM
 
 

Potentially Related Topics:

Topic Posted By Started Replies Forum
Another credit card question-What would you do? MissJones 3/12/06 5 Families Helping Families ™
Citibank Mortgage broker opened up a credit card without approval KAAM 3/10/06 11 Home
In light of my credit card situation, I found this on LIW MissJones 2/25/06 3 Families Helping Families ™
Holy Credit Card Fraud Batman!!! MissJones 2/23/06 10 Families Helping Families ™
Has anyone ever done this? (Credit card related) MrsProfessor 2/19/06 7 Families Helping Families ™
Citibank Credit Card Rant - Early Fraud Warning BS - UPDATED they did it AGAIN on page 2 !!! DjPiLL 1/31/06 32 Families Helping Families ™
 
Quick navigation:   
Currently 404542 users on the LIFamilies.com Chat
New Businesses
1 More Rep
Carleton Hall of East Islip
J&A Building Services
LaraMae Health Coaching
Sonic Wellness
Julbaby Photography LLC
Ideal Uniforms
Teresa Geraghty Photography
Camelot Dream Homes
Long Island Wedding Boutique
MB Febus- Rodan & Fields
Camp Harbor
Market America-Shop.com
ACM Basement Waterproofing
Travel Tom

      Follow LIWeddings on Facebook

      Follow LIFamilies on Twitter
Long Island Bridal Shows