Moving Card Debt to a HELOC Can Halve the Interest – If You Don’t Reborrow
A home equity line of credit (HELOC) is secured by your house, so it charges interest at a fraction of a credit card’s rate, and moving card balances onto one can save thousands. Keep the savings by borrowing only what you owe, repaying the line on a fixed three- to five-year schedule, and leaving the paid-off cards unused.
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