Quote:
Originally Posted by rattlsnak
I will proudly die with tens of thousands of debt in CC bills because there is no way I could EVER pay them off in the next 50 years. Don't know exactly how it happened, as I certainly don't have "many things", but it just has plumped over the years.
p.s., you all suk..
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Have you considered this?
If you own a home and can get a HELOC for the total amount of money that you owe on credit cards, take out that one loan, which will be a HELLUVA lot less % than credit cards charge, then pay off the credit cards in full.
Then you'll be able to write off the interest you're paying on that HELOC, which, as I say will only be 3% (if you get a 5% HELOC) and save a lot of money as well as getting out of debt.
Sound like a no-brainer?