Selling home, making a profit – better to pay off credit card debt or put money into new home?
Thursday, July 16th, 2009 at
6:02 pm
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Tagged with: Ahead • Credit Card Bills • credit card debt • Credit Debt • Extra Money • New House • Purchasing • Selling House
Filed under: Free Money Saving Tips Debt Relief
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Have you lived in it for at least 2 of the last 5 years? If so, there’s no capital gains tax from the IRS, and the money is yours to spend as you wish.
Glenn is right – This all depends upon what you’ll do with these newly cleaned up credit cards….. It’s a falacy that people can get out of debt by placing all their credit card debt onto their house. They usually run up their cards again in a few years and are then worse off than before.
Place the money to the house. Start paying EXTRA to your credit cards. Start cutting up your credit cards. Then start carriage extra to your house.
FREEDOM!!!!!!