No. of Recommendations: 0
Michael writes (edited):
<<... Through a combination of reasons, not the least of which was a recent divorce and a weakness to that age old Battle Cry "Charge It!!", I have managed to dig myself into about $18,000 of Credit Card Debt... I have applied for a refinance of the mortgage on the rental property, with the intention of taking the equity I get at closing and applying it all to my debt>>

Congratulations on what seems like a solid plan. But remember that you can't borrow your way out of debt.

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