Comments on: Home Equity Loans: Why They Don’t Make Sense as Part of Debt Reduction Plans http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/ Get Out of Debt and into Wealth Thu, 29 Dec 2011 07:28:55 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Mr. Home Equity Loans http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/comment-page-1/#comment-2793 Mr. Home Equity Loans Tue, 29 Dec 2009 10:33:21 +0000 http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/#comment-2793 I got a home equity loan some years after moving into a house. It was foreclosed last year(the house was). Do I still have to pay back the equity loan on the foreclosed house? Don’t seem like I have to being that they took what the equity loan was tied to. I got a home equity loan some years after moving into a house. It was foreclosed last year(the house was).

Do I still have to pay back the equity loan on the foreclosed house? Don’t seem like I have to being that they took what the equity loan was tied to.

]]> By: Rebecca Levinson http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/comment-page-1/#comment-371 Rebecca Levinson Mon, 19 May 2008 18:46:25 +0000 http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/#comment-371 And overuse of home equity loans is one of the reasons why many people are in trouble. The goal behind most housing investments is to build the equity, not bury your house in further debt. And overuse of home equity loans is one of the reasons why many people are in trouble. The goal behind most housing investments is to build the equity, not bury your house in further debt.

]]> By: Carnival of Personal Finance #153, Ask and You Shall Receive » American Consumer News http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/comment-page-1/#comment-370 Carnival of Personal Finance #153, Ask and You Shall Receive » American Consumer News Mon, 19 May 2008 18:05:49 +0000 http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/#comment-370 [...] Home Equity Loans: Why They Don’t Make Sense as Part of Debt Reduction Plans, from Discover Debt Freedom. [...] [...] Home Equity Loans: Why They Don’t Make Sense as Part of Debt Reduction Plans, from Discover Debt Freedom. [...]

]]> By: pay off credit cards http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/comment-page-1/#comment-328 pay off credit cards Wed, 14 May 2008 08:05:08 +0000 http://www.discoverdebtfreedom.com/2008/05/13/home-equity-loans-why-they-don%e2%80%99t-make-sense-as-part-of-debt-reduction-plans/#comment-328 There are debt consolidation loans that offer no collaterals for you to avail. However, only a lucky few gets to have it since you have to have a good credit score rating. These loans are helpful since you will be paying only to one company instead of the many creditors you have. They will work as your negotiator to your creditors to lower down you interest rates. Just take heed in choosing the right company to work with. And while in this kind of service, you have to be very disciplined not to use the credit cards you have until they are all paid off. There are debt consolidation loans that offer no collaterals for you to avail. However, only a lucky few gets to have it since you have to have a good credit score rating. These loans are helpful since you will be paying only to one company instead of the many creditors you have. They will work as your negotiator to your creditors to lower down you interest rates. Just take heed in choosing the right company to work with. And while in this kind of service, you have to be very disciplined not to use the credit cards you have until they are all paid off.

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