Will Refinancing my Car Help With My Debt?

I couldn't believe it when a friend of mine told me that I could refinance my car and use that money to pay off my debt that had been building. I knew you could take out a second mortgage or refinance your home, but your car can help with debt consolidation , who knew? The fact of the matter is, though, that owning a car is a secured loan and you can borrow against it. The only thing you need to be careful of is not run out of car before you run out of debt. It's pretty hard to get a new car