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    ity in their homes in order to pay off other debts. For borrowers who have watched their homes appr
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    On the surface, debt consolidation loans offer cash-strapped consumers some relief from high interest rates. Looking deeper, consumers should be wary of both the pros and cons of this fast growing practice. In their simplest forms, debt consolidation loans are refinance agreements, second mortgages, or home equity loans.

    All three loan options allow homeowners to cash out part of the equity in their homes in order to pay off other debts. For borrowers who have watched their homes appre

    Chapter 7 Bankruptcy
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    st rates. Looking deeper, consumers should be wary of both the pros and cons of this fast growing practice. In their simplest forms, debt consolidation loans are refinance agreements, second mortgages, or home equity loans.

    All three loan options allow homeowners to cash out part of the equity in their homes in order to pay off other debts. For borrowers who have watched their homes appr

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    ractice. In their simplest forms, debt consolidation loans are refinance agreements, second mortgages, or home equity loans.

    All three loan options allow homeowners to cash out part of the equity in their homes in order to pay off other debts. For borrowers who have watched their homes appr

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    es, or home equity loans.

    All three loan options allow homeowners to cash out part of the equity in their homes in order to pay off other debts. For borrowers who have watched their homes appr

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    ity in their homes in order to pay off other debts. For borrowers who have watched their homes appreciate in value, a debt consolidation loan can eliminate the burden of multiple monthly payments without significantly affecting the amount of their monthly mortgage payment. On a mathematical level, debt consolidation loans can make much sense. A home owner who struggles to make the monthly minimum payments on her 21% interest rate credit cards can roll those balances into her 7% mortgage. The

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