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No. of Recommendations: 1
I can't wait to join you in your happy dance.

I'm very concerned about this though:

Every time I make a payment on my line of credit, I will advance what is available so that I can expedite the payment of the credit cards.

Trading unsecured debt for secured debt can be a smart move when, as you have, you have stopped using debt. However your decision to keep advancing the HELOC is probably not a good idea. I would use it to get some room on the cards and then stop. Most HELOCs, like CCs are tied to the prime rate and Greenspan has given no indication that his love affair with interest rate hikes is going to change. You could end up in a far worse situation than you are now.

Continue to pay down the cards to get room and good BT offers, but for gods sake don't BT to a card with a balance.
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