When considering how to consolidate or pay debt off most people are faced with 2 options. Get an installment loan OR get a revolving line (in many cases a Home Equity Line of Credit). In this video we explain how each option will impact your credit scores.
Heloc vs Installment Loan for Debt Consolidation
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Consolidation, Debt, Heloc, Installment, Loan
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Thanks for giving these information about paydebt and installment loan.
Keep posting thios type of video
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Around 15,000 in credit card debt (3 cards). Own a home with 60k in equity. I wish to clear all the credit card debt and have one payment. What is your opinion? I was thinking a personal loan but a home equity loan has MUCH lower interest rates.