Have you considered borrowing your way out of debt? It sounds silly, doesn’t it? You are borrowing money to pay off your debt, so are you actually getting anywhere. Many people justify doing this by explaining that they are moving the money they owe to a lower interest rate loan, so they are saving money. Unfortunately many people do this using a home equity loan. And usually they are transferring unsecured debt (like credit cards) to a secured debt (your house), which means if you cannot pay for some reason you will lose your home. Often times people will not … Continue reading →