HSBC Watch News Release Forum Index
Forum Name: - HSBC Marketing
Topic Title: Home Equity Loan to Pay Credit Card Debt is Bad
Fri Mar 10, 2006 10:20 am
A Home Equity Loan to Pay Credit Card Debt? In essence one cannot borrow their way out of debt. One must remember, however, that mortgage brokers and lenders often want you to believe their commercials and print advertising. While credit cards could be paid off, and other bills eliminated, one must adhere to their goals otherwise they simply use their home equity as an excuse to add more debt.
Please think wisely before taking out a home equity loan or second mortgage. Do your homework and check the lender carefully. If they sell their contracts, ask if you can include a page in the contract which stipulates that your contract will not be sold to any company previously charged with predatory lending. That would include Ameriquest, HSBC, Household International, HFC, Beneficial, CitiFinancial and others. If the lender refuses your addition to the contract use caution before going forward with the deal.
(The original article, once seen here, has been deleted.)
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
Thinking of making a debt settlement offer? See common 
We monitor customer trends for possible violations of Regulation Z and other possible illegal actions.