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November 08, 2006
Consolidating Bad Credit and Debt with Home Equity
The new bankruptcy laws mandate that all debtors must get credit counseling with an agency approved by the United States Trustee's office before they can file for bankruptcy. Once the bankruptcy case is over, all debtors must attend additional counseling on budgeting and debt management before bankruptcy discharge of debts can occur. So, if you are a homeowner a home equity loan may provide you some relief by saving you money on interest when you refinance your revolving debt into a fixed simple interest home equity loan. You may want to consider refinancing your home or taking out a second mortgage loan to eliminate your credit card debt and secured loans, especially if the new law for minimum payments has you considering
From Consolidating Bad Credit and Debt with Home Equity
Posted by John at November 8, 2006 08:06 AM
