Tag Archives: HELOC
- How Do I Refinance My Mortgage When It’s Underwater and I’m Loaded With Credit Card Debt? – Dan
“Dear Damon, I have about 53K in credit card debt (18K is @29.99). I plan to reach out to someone for help (still trying to figure out who to call first) for hopefully getting help negotiating a better deal on all the debt. I have house; assessed value is now probably 300k and my 1st [...]
- Why It Makes Sense to Consider Debt Settlement for Second Mortgages and HELOCs
The debt settlement strategy has generally been limited to negotiation of unsecured debt accounts like credit card debt, store charge cards, personal loans, and medical bills. With secured debts, there is always collateral at stake, in the form of property like a home or vehicle. Given the right of secured creditors to foreclose or repossess [...]
- I’m Unemployed and Have a Huge HELOC to Pay. – Tom
“Dear Steve, My wife and I are 60 and she has a good income of about 88k. I usually make around 70k, but have been unemployed for 8 months now. We own our home, 225k on the HELOC and 64k on the 1st. The 1st will be paid in full in March of 2014. That [...]
- Our Rental House is Sliding Underwater. I Don’t Want to Rob our Retirement Anymore. – Thomas
“Dear Steve, I am 52 yrs. old. I worked at the same company for 25yrs., They down-sized, and in Jan. 2009 I was laid off. Since that time, the work I have been able to find is as an independent sales rep with a small start-up. Commission only, very little money. I have also received [...]
- What Options Does Anyone Have Regarding My HELOC and Bankruptcy? – Sam
HELOC and bankruptcy i have two helocs and a primary mortgage on my home. primary is $350k. one heloc is $50k and other is $40k. home value just around $400k. credit card debt is around $45k. so in a mess to say the least. i was told that if i claimed bankruptcy, the heloc companies [...]
- Collectors Called Constantly Scared of Foreclosure, What Can I Do? – Roy
“Dear Steve, I have recently taken over management of finances and bill paying from my wife. I always knew we had some lingering credit card debt that had been following us since college, but I had no idea what the real situation was. At this point we are $51,000 in credit card debt. We have [...]
- Can We Go Bankrupt And Get Rid Of Our HELOC? – Linda
“Dear Steve, 2 mortgage loans – primary loan is 80,000 still owing at 4.55 % 15 yr loan with mortgage company. 2nd loan is heloc with different bank – owing 97,000 , rate of 3.5 % can the 2nd heloc bank call the loan, they have already put a hold on use of this account? [...]
- I Want to Use a Home Equity Loan to Get Out of Debt. – Sandy
Sandy wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Have Had Two Homes Foreclosed On Me. Will I Be Sued? – Ana
Ana wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Should I Transfer Credit Card Debt to a Home Equity Loan? – Jake
Jake wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- We Were Going to File Bankruptcy But Then Stopped to Negotiate With the HELOC Lender. – Dorn
Dorn wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- How Can We Pay Off Our Debt and Put Kids Through College and Save for Retirement? – Bill
“Dear Steve, I have just turned 50 and my wife will be 49 in two months. We currently have roughly $177,000 in unsecured debt, mortgage for $183.000 on our home, a Home Equity Line of Credit for $50,000 and a loan of $64,000 against some acreage. We also have two car payments that total $575 [...]
- I Used an IPO to Pay Off My Mortgage. Now I’m $450K in Debt. – Lynn
Lynn wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- Can I Call Citi to See if They WIll Let Me Settle My Debt For Less? – Joe
Joe wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]
- I Asked My Boyfriend to Cosign for My Sister’s Boyfriend, And He Did. – Cynthia
Cynthia wrote to me through the GetOutOfDebt.org site and asked the following question. 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. Income from the GetOutOfDebt.org site advertising is used to help alleviate poverty. If you would like to [...]