Credit Cards vs Home Equity

With the ever growing popularity of using home equity for money vs using a credit card to make a payment. I think that there are pros and cons to this type of thinking. The pros are that you can get the money without increasing your monthly payments, and you don't have to worry about the credit card payments. The cons are that you increase your loan and it takes you longer to pay them back. I have a firm belief that if you don't have the money or don't know where the money is going to come from, you shouldn't use your credit cards UK in the first place. There is a lot of credit card news out there that talks about interest rates, financing, and other important information that can be useful when looking into credit cards. Others use credit cards and have to transfer balances so collection agencies don't come after them. People who do this look for credit cards with 0% balance transfers, which allows them not to be penalized for transferring balances. So in the end it is up to the buyer to make the decision of what is best for them at that point in their lives. This is a paid post.