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> take out home equity loans to pay down credit card debt I'm sure I'm preaching to the choir, but this is a terrible strategy. In a perfect world it cuts the

> take out home equity loans to pay down credit card debt I'm sure I'm preaching to the choir, but this is a terrible strategy. In a perfect world it cuts the interest payment a lot, but the risks are significant.

sokoloff 5y ago
The risk is magnified if you’re the type of person with a track record of running up credit card debt.