Exchanging one form of debt for another is a fatal financial decision. You cannot borrow your way out of debt, period.
I just heard another commercial from an area mortgage lender encouraging home owners to refinance their homes and take out equity to payoff credit card debt. Sounds like a great idea right? Get rid of credit card debt? No brainer. Not so fast. First, you better be sure risking your home for a Visa card bill is for the right reasons.Read More »