Not all advice is good advice. And when it comes to advice on how to better manage your finances, there are a lot of common misconceptions floating around that experts are eager to discredit.
CNBC SelectaskedLeslie Tayne, a debt-relief attorney and founder of Tayne Law Group, about some of the bad advice her clients have told her they received, and she had a lot to say.
Below, Tayne shares some of the worst financial advice she has heard given to her clients and debunks these myths so you can make better decisions when it comes to your money.
1. Bad advice: You should refinance your house to pay down credit card debt
The last thing you want to do if you’re struggling to pay off your credit card is to put yourself in jeopardy of los…
Read the full article at: https://www.cnbc.com/select/worst-financial-advice/
