Refinancing as a Tool for Credit RepairBy Karen Lawson
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Your credit card bills are getting more difficult to pay each month, as interest rates keep going up, and many credit card companies have increased their minimum monthly payments. It's hard to keep up with rising costs of living. If you're having problems paying your bills, this may be the time to refinance your mortgage to pay off high interest rate credit cards, while fixing your mortgage interest rate.
Don't Fall for Credit Repair Schemes, Refinance InsteadNo one likes to be late on their bills, or to admit that they have financial problems. It's easy to put things off, but if you're juggling your bills each month, you may be able to reduce your monthly expenditures by refinancing your mortgage for an amount sufficient to pay off high interest credit cards and consumer accounts.
Here's Your HomeworkIn order to determine if refinancing is feasible, you need to do some homework:
About the Author
Karen Lawson is a freelance writer with more than fifteen years of experience in mortgage banking. She holds a Master's Degree in English from the University of Nevada, Reno.
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