A HELOC is a home equity line of credit, which is just taking out money from the equity in your home.

This means that you will have a mortgage for longer time-frame, and have less equity in your home when you decide to sell it in the future. When in debt you may look to borrow money to pay down debt, many times in the form of a HELOC loan.  We advise against this because this is just borrowing from Peter to pay Paul.

I suggest working to fix the problem that not only caused the debt but is causing a lack of cash flow.  A HELOC might not be the right option for you to pay down your debt.  If you are contemplating this, contact our office to see if there are other debt relief options open to you!

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What People Have to Say

I just wanted to thank your entire staff at The Law Offices of Leslie H. Tayne, for helping me get out of debt. If it wasn’t for your firm, I would have never been able to resolve my $13k worth of debt in less than 3 years. Your staff did a great job, I was finally able to buy myself a brand new car without using a cosigner. I can’t tell you again how happy I am. I would recommend your services to anyone.

L.C. Client 2007-2009

I sleep like a baby at night now because of the work that you and your office have done. Rest assured that I will refer anyone I know to your office with conditions that are similarly circumstanced.

R.S. Client 2012-2014

You have been very helpful at first directing me in the right direction when I had no clue how to go about handling everything, I really appreciated all your advice and help and hope we can work something out. Thanks again for all your help and kind words, and patience.

D.M. Client 2009-2012

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