Comments on: Is there any way to pay off credit card debt when I am selling my home and renting? Can’t get home equity loan

By: gabriel jones

gabriel jones — Sat, 19 Dec 2009 10:31:46 +0000

Bad credit is one of the worst problems to have… however there exists a solution.

I will hereby talk from my personal experience.

I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,

a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :

if it helps kindly remember me in your voting!.. cheers!

By: mikalob092

mikalob092 — Fri, 18 Dec 2009 02:15:15 +0000

Here is an article with some information on loan options and the best plans.

By: parsonsel

parsonsel — Mon, 14 Dec 2009 18:51:27 +0000

If you get a home equity loan, you’ll have all the fees and such to pay back when you finally do sell it. If they’ll even give you a loan under such circumstances.

Not really a good idea to take your house off the market anyway. You may have to make some sacrifices elsewhere to come up with the extra money to pay down your credit card bill.

Cancel subscriptions, stop cable tv/satellite, drop the internet, brown bag it to lunch instead of going out, eat mac-n-cheese for a while, etc.

Not good for your credit rating to be bouncing from credit card to credit card either.

By: jbowler

jbowler — Sat, 12 Dec 2009 22:15:27 +0000

Why not wait until you sell your home and use some of that money to pay off credit card debt?

It makes no sense to take your house off the market and add another mortgage. The costs of doing so can be high. And with housing prices falling in many parts of the country you might need to raise cash to sell your home.