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Is a home equity loan or refinance better than a debt relief program?

Hello and Yes. Generally if you are able to pay off bills using the equity in your home that is often a better way to go assuming your debt that you want to pay off is unsecured with high interest rates like credit cards.

Of course, this is a generalization and I am assuming that you will be able to handle your new higher mortgage payment after the refinance.

Using your home equity to repay high interest debt allows you to avoid any credit score damage and it allows you to eliminate the expensive debt immediately vs. a debt relief program. Thanks.