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If i walk away from my home what happens to my homeline credit

 
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Cordie


If i walk away from my home what happens to my homeline credit? Andrzey
0     In Credit Cont.06

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    Q. Is it a smart thing to pay off your credit card with a homeline credit line?


    ON Canada - this is debt used to pay another debt which is not really good from a personal finance standpoint. However if your intentions is reducing your monthly debt payments so you do not incur more debt and allow you to use the extra cash to pay off the mortgage faster, then it is a wise move. If your debts are reducing overall, then it is a good move.

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