This would activate the "dead equity" in your home.Lastly, I would recommend having liquidity (rainy day cash, paper assets, precious metals, etc depending on your personal preferences) elsewhere.I'm "all in" on real estate and because of that I keep a healthy amount of cash on sidelines. 

It seems hypocritical to me for people to say, "Abortion is wrong because a child's life is precious," and then after the child is born to say, "It's not my job to make sure that child is safe and healthy."

Cash is king in the next couple of years ahead.Great bargain buying opportunities will unfold in the stock market, real estate, corporate bonds, and precious metals.I am waiting for this opportunity.

But here's the thing -- that FIRST $5,500, that FIRST $25,000, $50,000 in investable liquidity is absolutely precious and hard-won.

Buildings for income, precious metals for liquidity and SHTF insurance

But a lot of precious advice I received stated that it is financially unwise to just simply pay them because the account goes back to a brand new 7 year clock out of my 5 accounts in negative I have 2 accounts 6 yr 6 month (both must be removed by law by August this year) , and 3 accounts that are 4+ years, Is it wise to renew this debt when they can no longer legally collect without first getting an agreement that they would stop reporting. 

Personally, I *am* getting into precious metals as my strategy.

Your money is too precious for that.  

And ultimately, I believe that success is generating enough income to fund your lifestyle, whether it be a teacher, engineer, financial advisor or a real estate agent, and never, ever being pigeon holed into missing precious moments in this short life.   

I belong to several forums, coin collecting, metal detecting, online gaming, precious metal detecting, etc.... and whenever I ask a question, I get a courteous and helpful answer.Let me add this.