There are a ton of bad options available when it comes to getting out of debt. I know this because I frequently get emails from readers who’ve tried several different options for paying off debt, but ultimately failed. They end up contacting me because they don’t understand why the method they used didn’t work for […]
home equity loan
Why a Home Equity Loan is a Terrible Idea for Paying Off Debt
Have you ever considered taking out a home equity loan (also known as a HELOC) to consolidate your debt? There are a lot of people out there giving personal finance advice that will advise you to do that when you’re trying to pay off your debt. But I think consolidating your debt into a home […]