|
| 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:
Currently 404542 users on the LIFamilies.com Chat
|
