Ads
Should you risk your roof to pay off your credit card debts?
Have you accumulated a huge debt and are now tempted to tap into the equity of your home to pay off your credit card bills? If yes, then before you take any final decision, take a deep breath and rethink your decision – it may not be such a good idea after all. Dailyindia.com reports:
The bad news about equity loans is these loans are secured against your house. If you miss a payment then you risk losing your home. Miss a credit card payment by itself and initially you will only have to listen to debt collectors, but you will still have your home.
Read more: Home Equity loans; don’t put your Home or Condo at risk!!
--
Did you enjoy this post?
Comments
Post a comment
« Is the middleclass sinking under a debt burden? | Main | Is credit counseling a ‘waste of time’? »
Syndicate
Comments