I get my re-fi check this week. I'm paying off the plastic and holding a card-cutting party. I'm not gloating at all, I know how undisciplined use of CC's can easily bury someone financially. But it is really nice to get away from those usurous (?) interest rates.
"I get my re-fi check this week. I'm paying off the plastic and holding a card-cutting party. I'm not gloating at all... "
Nor should you. You have to do what you have to do, but it's seldom a good idea to roll cc debt into long term debt, (mortgage re-fi?). You are simply hiding that you're making the minimum payments.
Paying off cc debt with a mortgage refinance should be a last resort.