DEBT - Another Four-Letter Word: What about home equity loan or cash-out refinance?

» MarketProfit - What about home equity loan or cash-out refinance?

Seems to me that a good way to tackle too much credit card debt is to first cut up the existing credit cards (keep one for emergencies). Then, look at getting a lower interest rate by contacting the credit agencies, or by using equity in your home (either a 2nd or a refinance with cash-out).

-- posted by MarketProfit