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KReddit934 t1_jecqphe wrote

Generally it's not a good idea to transfer "unsecured " consumer debt to a "secured" loan like a HELOC. Good way to lose your house..

Concentrate of keeping the mortgage paid in full and on time.

If you really cannot cut spending or earn more, then it'll be time to stop paying the credit cards and save up as much as you can in cash to make offers to settle.

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satans_toast t1_jecqzo3 wrote

I was thinking the same thing. HELOCs should only be used to improve the asset itself, not for unsecured stuff. People got in real trouble a few decades ago by using HELOCs to pay for vacations and such. Similar principle with this. My own take, not a professional advisor.

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