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Personal Finances / Credit Cards and Consumer Debt

URL:  https://boards.fool.com/ah-i-see-line-of-credit-and-immediately-think-of-23169911.aspx

Subject:  Re: Getting Serious Date:  10/15/2005  4:56 PM
Author:  ClimbingOut Number:  212582 of 312992

Ah, I see Line of Credit and immediately think of a HELOC.

So you are trading unsecured debt for unsecured debt, which is the same as a BT. So long as the fees and interest savings at least break even, then by all means restructure that debt. I love the idea of debt restructuring as a means to pay it down.
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