Re: Refinance to consolidate debt?
I think part of the key here is that Rock doesn't want to drive a junkier car. We're not talking about a bankrupty or foreclosure or reposession . . .we're talking about a refi. Lots of people would do it just for the change in interest rate. Rock indicates they've been financially good their entire lives and will continue to do so. I don't have any reason to doubt her . . . Oh, and if the car loan gets paid off by the refi. then you're trading secured debt for different secured debt. Is that better?
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