UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next
Author: chasb Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 308362  
Subject: Re: Thanx for the Inspiration Date: 5/27/1998 4:48 PM
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
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.

CharlieB
Post New | Post Reply | Reply Later | Create Poll . Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (3) | Ignore Thread Prev | Next

Announcements

TMF Credit Center
The Motley Fool Credit Center arms you with real tools and simple messages, that will help you in every credit situation.
Post of the Day:
Value Hounds

Medallion Financial: TAXI!
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and "#1 Media Company to Work For" (BusinessInsider 2011)! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.
Advertisement