Financial Mistakes Can Be Remedied - 2004-01-11
We all commited mistakes with our money, but recognizing those mistakes can be the first step toward correcting them. Here are some situations experts believe consumers go wrong — and their advice for staying out of trouble.
A debt consolidation loan is one way to deal with debts, he said, “but not if it isn't followed by an effort to refrain from incurring additional debt.”
The same holds true for paying down debt with a home equity loan or a cash-out mortgage refinancing, he added.
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