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Why shouldnt I apply for a home equity loan or debt consolidation loan to pay off my creditors?

April 26, 2017Creditors debt consolidation home equity loan pay

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Why shouldnt I apply for a home equity loan or debt consolidation loan to pay off my creditors?

1 Answer

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Most people like this idea, as they receive a check to pay off all their creditors almost immediately. In addition they are told that the interest payments are deductible.