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Re;: borrowing on house
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Posted by skylynx (152.163.197.208) on August 11, 2002 at 17:22:53:
In Reply to: Re: unsecured cards and last house payment! posted by poor lawyer on August 11, 2002 at 02:33:20:
I'm just another "patient" here, but why would anyone exchange credit card debt for a debt where a bank could foreclose on the home? Credit Card debt can put a hurtin' on you but it cant make you lose your house. A home equity loan to pay creditcard debt is like jumping from the frying pan into the fire, seems to me. You think it will be a snap to pay the one small loan payment, but you don't know what could happen in your future. I would never put my hard-earned home, all those years of paying, at the slightest risk to pay off credit card debt.
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