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Personal Finances / Credit Cards and Consumer Debt

URL:  http://boards.fool.com/sorry-the-time-limit-was-up-at-the-internet-cafe-23628991.aspx

Subject:  Re: Financial Update Date:  1/30/2006  7:02 AM
Author:  ApacheMech Number:  219679 of 310732

Sorry, the time limit was up at the internet cafe. The HELOC was a really bad idea, but I had no choice in order to make ends meet. I had put all of my credit cards (higher than 15%) and a vehicle loan and some other consumer loans with high interest rates together so I could set up a snowball with more than $75 a paycheck payment. I had to put the vehicle on it to make it worth while. I turned an approx. $750 a month ordeal into a $450 a month payment to free up some ca