Casa Adalia

No one has responded yet, not sure why, but I thought I’d give my thoughts

It seems to me that this swap the loan thing is really just that, swapping one debt for another. It reminded me of DR talking about paying off one cc with a lower interest cc or a 0% interest. He said it amounted to shuffling or swapping around debt, almost like the old ponzi scheme. No, I am not saying your dd is looking at a ponzi scheme but it has that aroma because it is swapping debt.

Is she not in a place financially to simply accelerate payments on the current debt w/o penalty?

If she does take on this new debt will you have to co-sign? If you have to co-sign for her then I’d have to fall back on DR’s advice about never co-signing for anyone’s debt.

If she does this I’d tell her to be care of fees and stuff that would get rolled into the new debt and she would end up owing more. Would she be able to make accelerated payments to the new debt w/o penalty?

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