Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Personal Finance and Investing

(31,130 posts)

2. Don't encumber your home

Sun Nov 16, 2025, 05:15 PM

Sunday

with credit card debt. CC debt is unsecured and can't put your home in danger while a home equity loan certainly can. JMHO

Edit history

Please sign in to view edit histories.

5 members have recommended this reply (displayed in chronological order):

17 replies

= new reply since forum marked as read

Highlight:

Home equity vs. personal loan for cc debt [View all] Beartracks Sunday OP

You're on the right track: surfered Sunday #1

Home equity loan interest is no longer deductable IbogaProject Sunday #6

Ok that might make it more cost effective IbogaProject Sunday #17

Don't encumber your home WhiteTara Sunday #2

That's something to consider. Beartracks Sunday #4

Or just maybe pay off or pay down cc debt, then select project? SheltieLover Sunday #5

Probably looking at 5-yr payoff for the consolidation loan. Beartracks Sunday #7

My daughter is in the same boat biophile Sunday #9

Hey, can I apply at your local Bank of Mom branch? Beartracks Sunday #13

You can apply but she has just about tapped me out! 😆 biophile Sunday #16

A home loan is better than a HELOC but both should be last resort biophile Sunday #8

Per CreditKarma, I'm a good candidate. Beartracks Sunday #14

Good! Then wishing you success whatever you decide! biophile Sunday #15

Don't touch your equity mzmolly Sunday #10

Personal loan - investigate SoFi. They loan, but also broker loans. 3Hotdogs Sunday #12