Is it a good idea to take out a small home equity loan to pay off credit cards? related questions

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Is it a good idea to take out a small home equity loan to pay off credit cards?9Piper2012-10-15 23:32:02
$ 10,000 to consolidate debt in 7000, the current interest rate is 7.5 % you are currently paying between 13 % -23 % on cards
Home equity loan to pay off 2 cars and 5 grand credit card debt. Good Idea or bad idea?1davis2012-10-15 01:39:02
Home equity loan to pay for 2 cars and $ 5,000 of credit card debt . Good idea or bad idea?
Is it a good idea to use a home equity loan to pay for a new car?3Prim rose2012-10-25 06:09:48
Instead of taking a car loan , use the value of my house to do so. If I were to buy a car , I'd have to finance . So to me , it seems smart just to collect some equity with the additional benefit of interest deduction on tax returns .
When IS consolidating a good idea? Or is it better it get a home equity loan to pay-off your debt?4sacha2012-11-06 08:27:05
The thing is that I have good credit and now I can pay my bills . I just got married two years . ago and had this accumulated debt that I would like to clarify my board ... and also I owe a lot .. Credit Cards and Student Loans btn .. woooooo
Is this a good idea about getting a loan to pay off credit cards?2jemmy2012-11-04 06:00:03
I have about 5,000 in credit card debt and took out a loan in 5000 to pay off credit cards making it 10,000 in total, although I think the loan is paid off a little. A bank will give me a loan to pay this off ? I have not got a house and I have a car payment of 450 a month , I'm getting to pay at the moment but it would do so less stress if I had a single full charge. and knew the amount . I have a bunch of credit cards, but I canceled about 5 of them I have like 3 more paid and 4 more than I'm paying , I know that's a lot of credit cards is why I canceled them . My credit score is somewhere in between 600 and 23,000 a year do not include what my husband does, but have bad credit so it will not be on the loan .
Is it a good idea to get an unecured loan to pay off credit cards?1Aubre2012-10-27 10:44:46
So I have a credit card debt - not much , but enough to want to pay as soon as possible . Is it better to get an unsecured loan low interest card to pay my interest ? What does it mean to do something like this that my credit score ? I want to buy a house sometime in the near future, so do not want anything to lower the credit rating or have a negative impact on my debt- income ratio . Thank you.
Would it be a good idea to take out a student loan to pay my credit cards?0Sibel2012-08-23 09:29:02
I owe almost $ 8,000 in credit cards . Gradually I pay . I was thinking of taking a loan of $ 10,000 to pay off my car loan and get some work done to my car . Good idea or not ?
Spiritually speaking.Would it be a good idea to take out a student loan to pay my credit cards?1siair2012-10-19 20:08:03
Would it be a good idea to take a student loan to pay off my credit cards ? MedlinePlus I owe almost $ 8,000 in credit cards . Gradually I pay . I was thinking of taking a loan of $ 10,000 to pay off my car loan and get some work done to my car . Good idea or not ?
Using CREDIT CARDS to save money, GOOD IDEA?0Mike 502012-09-13 08:34:03
Ok this is a little weird, but bear with me. I make about 50k. After all my expenses only manage to save a few hundred a week. I live in an apartment and want to buy a house in two years. I live in Florida, so the average home prices start b / t 90-120K. MedlinePlus MedlinePlus The problem. I have great credit, but does not save much for a deposit. I can not get a loan because I have no cash and I have many more than 200,000 in student loans. My monthly payments are not very high, so I have no problem paying the loans. My apartment rent is $ 1,500 a month and with houses so cheap that it would save money by paying a mortgage instead of rent. MedlinePlus MedlinePlus Since many people in my apartment complex are unemployed, the complex has begun with the exception of credit cards for rental. I have credit card debt low, but 30k available credit. MedlinePlus MedlinePlus I was thinking about changing rent for the next year or so. If I did that I could probably save about 20 000 in a year, then spend the next year paying by credit cards. MedlinePlus MedlinePlus My question ..... would be better in two years to be eligible for a mortgage? I guess I'd have about 20K more on the bench, then I would have had, and also about 10k more in debt. With the low APR on my credit card and the small% of my balance which is a minimum payment, my monthly expenses would not increase significantly. MedlinePlus MedlinePlus Idea strange, I know .... MedlinePlus MedlinePlus What do you think? MedlinePlus MedlinePlus MedlinePlus In addition, after a year of raking the credit card debt, could open another card that would balance transfers except in April promo (hopefully 0 for one year). My credit score would have a year to recover from the initial decline request another credit card. MedlinePlus MedlinePlus I'm thinking that this would only be a strange way to get a low-interest loan, but the advantage of this would be to have more control over payment methods. MedlinePlus MedlinePlus What do you think?
Using credit cards to save money, good idea?0Nenny2012-08-28 15:08:03
Ok this is a little weird, but bear with me. I make about 50k. After all my expenses only manage to save a few hundred a week. I live in an apartment and want to buy a house in two years. I live in Florida, so the average home prices start b / t 90-120K. MedlinePlus MedlinePlus The problem. I have great credit, but does not save much for a deposit. I can not get a loan because I have no cash and I have many more than 200,000 in student loans. My monthly payments are not very high, so I have no problem paying the loans. My apartment rent is $ 1,500 a month and with houses so cheap that it would save money by paying a mortgage instead of rent. MedlinePlus MedlinePlus Since many people in my apartment complex are unemployed, the complex has begun with the exception of credit cards for rental. I have credit card debt low, but 30k available credit. MedlinePlus MedlinePlus I was thinking about changing rent for the next year or so. If I did that I could probably save about 20 000 in a year, then spend the next year paying by credit cards. MedlinePlus MedlinePlus My question ..... would be better in two years to be eligible for a mortgage? I guess I'd have about 20K more on the bench, then I would have had, and also about 10k more in debt. With the low APR on my credit card and the small% of my balance which is a minimum payment, my monthly expenses would not increase significantly. MedlinePlus MedlinePlus Idea strange, I know .... MedlinePlus MedlinePlus What do you think? MedlinePlus MedlinePlus MedlinePlus In addition, after a year of raking the credit card debt, could open another card that would balance transfers except in April promo (hopefully 0 for one year). My credit score would have a year to recover from the initial decline request another credit card. MedlinePlus MedlinePlus I'm thinking that this would only be a strange way to get a low-interest loan, but the advantage of this would be to have more control over payment methods. MedlinePlus MedlinePlus What do you think?
Home Equity Loan vs Personal debt (credit cards, car loans)?0cristy2012-11-05 23:30:52
Hello, My wife and at present have about $20,000 in personal debt. This ranges from car loans to credit cards (pre-marriage). With Interest rates in Australia being around 6.00% for home loans, we are thinking of creating an Equity Loan to manage these debts. We own our home outright, and either then the debt discussed above, we have no other commitments. My question is, do you think it would be a good idea if we created an equity loan to manage these debts or continue to repay our current debts as we are doing at present? Thanks in advance... :)
Is getting 3 secured credit cards a good idea to rebuild my credit?0Elaine2012-10-10 04:25:48
Here is my situation . I recently paid off all my credit card debt and the debt I have is a student loan I am paying off, I have never been late on. MedlinePlus MedlinePlus I have an Orchard Secured Mastercard and my credit score is already improving (which rose 14 points this month ) . I'm thinking of getting 2 this speed over the same card and using all 3 once a month to buy small things like car gas and lipstick and then pay off. MedlinePlus MedlinePlus Will getting all these cards in such a short damage to myself, or my idea of ​​trying to rebuild credit work faster?

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