Debt Adviser ; Don't Trade Equity Line for Trouble with Credit

Columbia Daily Tribune › December 18, 2006

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Summary

Q. I have a home equity line with a variable rate that is about 8 percent. The balance is down to about $33,000.

I have several credit cards with high limits that are advertising low fixed rates until debt is paid. Should I move the debt into a couple of those?

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Extract

Debt Adviser ; Don't Trade Equity Line for Trouble with Credit

A: You are not the first person to ask me this question, and my belief is that there are tens of thousands of homeowners asking the same question - ...

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