Consolidate Credit Cards • Must Try

Risk. You are turning unsecured debt (credit cards) into secured debt (your house). If you can’t pay, your home is on the line. Is It Right for You? Consolidation is a tool , not a cure . It works best if:

Origination fees and the temptation to run up the credit cards again once they’re at zero. 3. Home Equity Loans or HELOCs consolidate credit cards

You take out a fixed-rate personal loan from a bank or credit union and use that cash to pay off all your cards. You then pay back the loan in fixed monthly installments. consolidate credit cards