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| Mon, 11-21-2005 - 2:10pm |
Read the DSG Rules of Play, then vent about your debt problems.
| Mon, 11-21-2005 - 2:10pm |
Read the DSG Rules of Play, then vent about your debt problems.
know I can't take this as a tax deduction at the end of the year,where I can with the equity line. I guess I like the fact that the personal loan is unsecure, just based on my good credit history. Please advise what you think would be the best option. Sorry for the long post.
I agree that it depends on the current interest rate that you have on the debt and whether they are going to be able to roll the entire $15k over there. Are there closing/transfer costs? I personally would be very tempted to use the equity line since you have the entire worth of the house available but totally understand and support your desire to avoid securing the debt when you can leave it unsecured. What is the rate on the HELOC? If it is substantially better than the 7.99 then with the tax deduction it would be even bigger difference so that might play into my decision too.
Not too much in the way of definite advice. Also, you might want to repost this in its own thread if you don't hear from many people. I thought this was some sort of iVillage post and I don't always read those.
Peg