Been thinking lately about how to get a handle on some debt that's been piling up (credit cards, personal loans, you know the drill). A friend mentioned tapping into home equity by refinancing my mortgage, and honestly, it sounds tempting. Lower interest rates, one monthly payment instead of juggling a bunch... seems simpler.
But then again, I'm kinda hesitant about putting my house on the line for debts that aren't even related to it. Feels like I'm trading unsecured debt for secured debt, and if things go south financially, well... losing the house would be way worse than dealing with annoying credit card collectors.
Anyone here done this before? Did it help you get ahead financially or did it just add more stress? Curious which side people lean toward and why.
