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Why a loan won't help you

If you are over extended now, the last thing you need is more credit.

It was your good credit rating that made you an easy target for the credit card companies to bury you with a lifetime of interest payments and late fees!

Refinancing or a second mortgage on your home is economic suicide. By putting all of your debt on the most precious asset you have, you run the risk of losing your home for the sake of credit card debt. Most of which you cannot even remember what you bought. You may even be overextended to the point where you might not qualify for a mortgage. And if you do, the terms will not be favorable.

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