
You may hear a lot of financial commentators mention that it is a good idea, in their opinion, to take out a home equity loan or a home equity line of credit to pay off credit card debt. The benefits of using one of these two types of consolidation methods to reduce your credit card debt are: You can drastically cut your interest rate, sometimes from a whopping 30% down to as low as 4% or less The home equity line of credit or home equity loan interest expense may be tax deductible, … [Read more...]













