Trading Credit Card Debt for Home-Equity Debt

"I have about $12,000 in debt and $25,000 in home equity. The number of cards and load are hurting my credit. I learned my lesson regarding debt and now have been fighting to pay these off. Should I go for the home-equity line of credit, or will the interest kill me?"

They should be thinking of a home equity loan which offers substantially lower interest rates. And of course, always remembering the right financial prudence. Read the detailed answer.

Trading credit card debt for home-equity debt [Quad City Times]