Should you use a home equity loan for debt consolidation?
It can be a smart strategy, provided you understand what you’re risking.
Mia Taylor is a contributor to Bankrate and an award-winning journalist who has two decades of experience. She has worked as a staff reporter or contributor for some of the nation's leading newspapers and websites including The Atlanta Journal-Constitution, the San Diego Union-Tribune, TheStreet, MSN and Credit.com.
It can be a smart strategy, provided you understand what you’re risking.
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Weigh the pros and cons to decide if debt consolidation is right for your situation.