Tag Archives: heloc home equity

We Were Going to File Bankruptcy But Then Stopped to Negotiate With the HELOC Lender. – Dorn

Dorn “Dear Steve, We are filing for chapter 7 bankruptcy protection for our 50,000 in credit card debt. when we went to see a bankruptcy lawyer, he recommended that we also walk away from our home b/c we are upside down on the mortgage and heloc. At first it sounded great to do this and [...]

Teresa Writes In And Asks “What Should I Do Next?”

“I have a lot of debt. I fell behind after being diagnosed with cancer. All the medical bills were paid at first but I maxed out credit cards and then took out a HELOC. The HELOC made my debt worst because it just consolidated the debt but left open credit that was used again. Now [...]