Credit Card Business Opportunity ?
What if (say) you had enough equity in your house so that the unsecured debt
would be covered, even if house prices fell by (say) 20% - and you were
happy enough to pay cc interest rates on "2+ years" of debt for a short
while, in anticipation (say) that some new business opportunities would take
hold - and also willing, if worst came to worst and the business did not
take off, to sell-up your house to pay off the mortgage and credit card debt
... ??
-Could I convince a lender of that?
I have a fair bit of equity in my house, but I've also got a big family and
we need a roof over our heads.
My business opportunities have never turned out as well as I thought/hoped
they would. My last