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The New DU. Reply #6: One caution, do not do a debt consolidation loan if you
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Curmudgeoness
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Mon Jan-24-11 10:10 PM
Response to Reply #3 |
| 6. One caution, do not do a debt consolidation loan if you |
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will have to put any collateral up (like home equity loans). Credit card debt cannot take any assets if you find that you are not able to pay it, but once you put collateral up for this uncollateralized debt, you stand to loose your house (or whatever it is that you sacrifice for collateral).
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