Consolidating Your Credit Card Debt Tips

Posted On: September 30, 2006

Author: cjones
Posted: Mon Jun 07, 2004 3:24 pm
Post subject: refinancing mortgage

Hi, My husband and I are due to close on a loan to consolidate our first and second mortgage with a lower interest rate on 6/24/04. We just had a brain storm to role our credit card debt of approx. $8,000 into the loan for payoff. It seems that we’re to late into the loan process now. However, our credit union loan officer suggested a home equity line of credit. What do you think, Is that a good idea? Also, we are looking to purchase a new car soon also with financing thru the credit union. available home equity is approx. 15,000.

$8,000 for 30 years???

HELOC might be better later or look for a 0.00% BT credit card offer (6-15 months)