My husband and I want to pay off some credit card debt; which is the better option?
2006-09-11 02:13:03 · 5 answers · asked by KarenB 1 in Business & Finance ➔ Personal Finance
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2006-09-11 13:11:52 · answer #1 · answered by Anonymous · 0⤊ 0⤋
In united kingdom, the time period 'homestead fairness personal loan' might want to point both a instantly re-personal loan (proper) OR a scam deal, frequently geared in route of the elderly, wherein the non-public loan interest is 'rolled-up' (and so that you pay interest on authentic of interest) and the non-public loan is largely repaid once you promote the homestead (or die) .. the reason why it truly is typically bought to the elderly is that in about 20 years the steadiness of the non-public loan exceeds the cost of the homestead .. at which aspect they prefer you out = so, it truly is definitely ok for them in case you'd be lifeless in 20 years ....
2016-11-26 00:55:28 · answer #2 · answered by sharples 4 · 0⤊ 0⤋
The answer will depend on your circumstances. Your best course is to do your own research, get several quotes and do not let anyone pressure you into a plan that you are not happy with. It sounds like you have several possible options, so be choosy!
This website has a useful article about just this topic. I hope it will help you.
Good luck!
2006-09-11 11:11:44 · answer #3 · answered by Anonymous · 0⤊ 0⤋
That's wrong
2016-08-08 14:45:12 · answer #4 · answered by Anonymous · 0⤊ 0⤋
There is some useful advice here.
2006-09-11 04:38:31 · answer #5 · answered by Anonymous · 0⤊ 0⤋
Good question, I was wondering the same thing myself
2016-08-23 06:35:07 · answer #6 · answered by Anonymous · 0⤊ 0⤋