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    debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger l

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    Debt consolidation is a popular topic these days. The average American carries nearly $10,000 in credit card debt and credit card debt of $100,000 is not all that unusual. New legislation that takes effect in October 2005 is going to make it harder for those with problem debt to file for bankruptcy, so many people are trying to find ways to consolidate their debt instead. One of the most popular ways to do that is through a home equity loan, but borrowers need to be careful, as there are potential problems with borrowing against your home to pay other debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger l

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    100,000 is not all that unusual. New legislation that takes effect in October 2005 is going to make it harder for those with problem debt to file for bankruptcy, so many people are trying to find ways to consolidate their debt instead. One of the most popular ways to do that is through a home equity loan, but borrowers need to be careful, as there are potential problems with borrowing against your home to pay other debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger l

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    o file for bankruptcy, so many people are trying to find ways to consolidate their debt instead. One of the most popular ways to do that is through a home equity loan, but borrowers need to be careful, as there are potential problems with borrowing against your home to pay other debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger l

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    through a home equity loan, but borrowers need to be careful, as there are potential problems with borrowing against your home to pay other debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger l

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    debts.

    The concept of debt consolidation is simple. You transfer the debt from one or more high interest loans to a single, larger loan at a lower interest rate. The most popular way of accomplishing this is to transfer debt from a credit card, which often carries an interest rate of 20% or more, to a home equity loan with an interest rate of less than 10%. By doing so, you can reduce your debt payments by as much as several hundred dollars a month. Those taking out home equity loans for such purposes should be careful and be aware of the following potential problems.

    Consolidating through a home equity loan trades unsecured debt for secured debt. Credit card debt is unsecu

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