refinance mortgage

artloversplus
Sun, 15 Apr 2012 12:01:44 +0000

Is it worthwhile to take out extra to consolidate bills?



The answer also hinges on whether those bills are final or recurring. If, you will never accumulate credit card bills in the future after consolidation, for example, yes, I think it is worthwhile to consolidated. If you still are going to incurr more debt from HEL, auto loans and credit cards, then, the consolidation is less meaningful. A person must live within the financial means of their life.

I buy my house in cash, buy my car in cash, pay off my credit cards every month, I have no debts. But I drive a 12 year old beat up car that every neighbor shake heads on me.