Quote:
Originally Posted by fosterj
Been thinking on this some more, Is it worth while to get a low interest line of credit from a bank and use it to pay off our high interest credit cards?
or is it better to just keep trying to pay them down on our own with the high interest rates?
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It makes sense to do this only if you intend to use every extra penny to pay down debt. Most people do this and add to their debt later. You have to get on a strict budget and stick to it, to get out of debt and save.
Again, I recommend that you read The Total Money Makeover by Dave Ramsey. This book is good for having you focus on getting out of debt and budgeting well. There are many good books on personal finance, read them while you are getting out of debt, you will get so much from them.