would you use a Home Equity loan to pay off debt? it would be a clean slate. I am curious what you guys think? thanks
I would if the equity rate is fixed (Greenspan is talking about raising rates earlier than expected) and if you cut up the credit cards that got you into this debt, if that in fact is why you're in debt. You don't want to do what alot of people do, take out an equity loan to pay off their credit cards, charge them back up again and risk losing their house! Hope this helps!
