shakaama (November 30, 1999 at 12:00 am)

you skirted around the issue, not in a bad way, but you never said, "refinance your house to include all your credit card debts, car loans, childrens school" i would have like a solid example.

DebtCures (November 30, 1999 at 12:00 am)

Thanks for the great words on the principles behind lending. The higher the risk, the higher the required rate of return! In real estate loans, the higher the LTV, the higher the rate of return required by the lender. Debt consolidation can be a great thing under the right circumstances. Here's link to a video that talks about how the baning and credit card industries operate. Check it out... /watch?v=0bGjYAL2Jds

edris88 (November 30, 1999 at 12:00 am)

Many thanks