CC debt 20,000. Mortgage 39,000. Equity about 300,000. credit score under 500. marrried one income $51,000. 4 kids in college. Turned down from first bank for refinance with credit payoff. Currently spending about $700.00/month on CC payments.
should we continue to try to get a loan or should we take the money out of our IRA and pay CC then repay IRA 500/month. as of january we are now having to pay 260 for health insurance and we are now straped making min payments and getting no were fast!!!
If you have a credit or debt question you’d like to ask just use the online form. I’m happy to help you totally for free.