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Do you know anyone who got a home equity loan to pay off credit cards...
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December 9, 2008 - then ran their credit cards right back up? Why do people do this?
Responses:
- not personally. But that is the reason for a lot of the forclosures.
- Why do they run up credit debts in the first place? Replacing one loan for another may be a good idea if it gives you a lower fixed rate, but some people just don't know how, or don't want to, live within their means.
- No but my brother took out a loan TWICE!!!! to go to disney world, he paid them off but who the hell takes out a loan to do something like that???????? ... ... Blows my mind!
- my mom did, then she ran up all her credit cards again, so if you go about doing that be well advised to trash the cards when they are paid off!
Knowledge Base: Targeted Loans
secured loans?
December 9, 2008 - Category: Targeted Loans
i have two secured loans on my property and a mortgage, i recently became self employed lately and things are tight money wise at the moment until i build business
secured loans »
home loan??
December 9, 2008 - Category: Targeted Loans
my house is worth about usd 550k. my credit score is 559 right now, due to my excessive credit card and student loan debt. nothing has ever been late, it
home loan »
Trying to qualify for a home loan. Will adding my name to my parents savings account help?
December 9, 2008 - Category: Targeted Loans
i have been doing alot of research in terms of qualifying for a home loan and can not seem to find an answer to this. many home loans require you
Trying qualify home loan adding... »
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