The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: Tradelite who wrote (2389)	4/18/2002 5:38:11 PM
From: bozwood	Read Replies (2) of 306849

I understand completely the consequences of a damaged credit report. But, you said you would roll credit card debt into an equity loan. My point was that that action could put a person's home at risk if unable to pay the equity loan as opposed to not being able to pay the credit card debt, which puts nothing at risk. Not being able to pay credit card debt only hurts the person's credit rating. Not being able to pay a home equity loan off hurts a person's credit rating AND puts the home at risk. I guess your implication was that I had no idea of the severity of a bad credit report.

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