Should you use a Home Equity Line of Credit (HELOC) to consolidate and pay off your credit card debt? Discover the benefits of leveraging your home equity to lower interest rates and monthly payments, but also understand the risks of falling into a debt cycle. Learn how to assess short-term gains versus long-term financial impact, and develop healthier financial habits to avoid future debt pitfalls. Join me for practical advice on managing debt and building a secure financial future.
Hey, I’m Gaby Rincón!
I teach you how to manage your money stress-free and build a financial future that fits your lifestyle.
I’m a passionate personal finance coach with a ten-year career in education. Seeing inequities in the classroom inspired me to dive into personal finance and address the education gaps within the first-generation BIPOC community.
I use my teaching and financial expertise to offer inclusive, empowering coaching. I create a safe, judgment-free space for clients to share financial concerns and dreams.
Using Home Equity Line of Credit (HELOC) for Debt Consolidation: Pros and Cons Explained #moneycoaching
home equity line of credit, HELOC, debt consolidation, credit card debt, financial advice, money coach, first-gen, BIPOC community, financial empowerment, interest rates, debt cycle, financial habits, financial planning, debt management, loan options, money stress-free
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