Sentences with phrase «expensive debt of any kind»
One debt in particular that is very beneficial to include in your homeowner loan debt consolidation plans is credit card debt, which is the most expensive debt of any kind you will ever carry.
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If your credit card rates are already pretty high, another bump will only make this kind of debt more expensive for you.
And there are especially expensive loan products — like merchant cash advances — that are great choices to refinance into more affordable kinds of debt.
However, other kinds of debt, like the kind from credit cards, can be some of the most expensive and damaging debt we accrue in life because interest rates are generally extremely high and many people get used to spending on things they can't really afford.
Despite being slightly more expensive, second mortgages are cheaper than other kinds of debts.