|
|
| *Loan,banking and credit>>>debt loan |
Is it better to get a home equity loan or go through a non-profit credit counselor to manage credit card debt? |
Is it better to get a home equity loan or go through a non-profit credit counselor to manage credit card debt? By using services from a debt relief organization you will stop receiving phone calls asking you for money. You will pay a fixed rate amount every month which will never go up. You won't be dealing with your creditors any more. The "debt relief people" will be paying your bills for you, and your credit card company is out. You then pay the debt relief company. lots more here: http://finance.ebookorama.com http://credit.ebookorama.com http://credit-repair.ebookorama.com... http://credit-cards.ebookorama.com... good luck! Both have advantages. I would guess the non-profit credit counselor will be better. If you are having problems managing your credit situation you probably need a more "in-depth" counseling service. HELOCs are for people who can manage money well on their own. I would guess that you need a little more assistance and the counselor is your best bet at being able to consolidate all your debt into a manageable monthly payment. Equity line is the better way to go. Your interest will be deductable, you will be paying a lower rate for your debt, and you will be improving your credit score. But, if you use an equity line to pay off your credit cards and then charge them back up, you could get yourself in trouble financially. So, use the equity line and don't go crazy with the cards. Mortgage broker OK...Do you really want to put your home up as collateral? Go to a non-profit cred counselor to manage credit card dept and take their advice. By all means credit counceling, they may suggest a home equity loan but this is but one option. It is sometimes possible to renegotiate your credit card payments. By going to someone who helps they will understand the options. insurance agent for 30 years |
| Tags |
| education loan secured loan refinance loan loan rate sba loan debt loan cash loans bad credit mortgage best credit card business credit |
SiteMap--Copyright/IP Policy--Contact Webmaster For personal non-commercial use only. |