You asked: Why should I consider a loan or line of credit over a credit card
We matched that to: Why should I consider a loan or line of credit over a credit card?
In most cases, a home equity loan or line of credit will carry a lower interest rate than your credit card, and it may provide you with more money to do the things you need to do.
As a further incentive, the interest paid on some loans or lines of credit can be tax deductible, just like with a first mortgage. Be sure to check with your tax advisor regarding the deductibility of interest.
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