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Paying Off Credit Cards With A Home Equity Loan Or HELOC

9 Min Read
Published May 14, 2024

Credit card debt is a problem for a lot of Americans. Some homeowners consider borrowing some of their home equity to pay off high-interest credit cards and consolidate their debt into a single payment. But before you sign up for a home equity loan or home equity line of credit, you’ll need to understand the pros and cons of borrowing equity to pay off credit cards.

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