The Fools, both the professional TMF'ers and the merry posters like me, are pretty conservative as regards debt. They, and I, will say pay off the credit cards first, because the interest you do not pay on them is a guaranteed return. Similarly, using a home equity loan is trading secured debt for unsecured debt, which you do not want to do. And, for some people, they just run up the credit cards again and end up worse than before.If you have not looked at the Fool's Credit Cards and Living Below Your Means boards, I think it would be worth your while.
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