Tag Archives: home equity line of credit
- I Have Had Two Homes Foreclosed On Me. Will I Be Sued? – Ana
“Dear Steve, Had my 2 homes foreclosed. One was already foreclosed and the second will be finalized on March 26th. I have equity line of credit loan’s and cosidering filing for bankcruptcy because I’ve heard that the bank’s will probably sue me for the amount’s owed on these loans. Help!!! Ana” The Answer: Dear [...]
- 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 [...]
- I Used an IPO to Pay Off My Mortgage. Now I’m $450K in Debt. – Lynn
“Dear Steve, 6 years ago, with money from a high tech IPO, I paid off my house. Shortly thereafter, my husband and I started a business (with a HELOC). 4 years into the business, we had accumulated a $390K balance (maxed out) on our HELOC since the business was not profitable and neither one of [...]
- 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 [...]
- I Owe $22,000 On One Credit Card and Now Want to Get Rid of It. – George
Because of the volume of submitted questions, I am behind in personally answering every single one. I need your help. I am publishing the question below for you to answer. Please help this person by adding your response and advice in the comments section of the original question. Click here. “Dear Steve, I have $22,000 [...]
- I Have a HELOC Loan Against My Brothers House. I Can’t Make Payments. – Junior
“Hi Steve, Last year I started the process to buy a house with my domestic partner but 4 days before the closing in nov. 2008 I lost my second job since then I been trying to find a second job (part-time/full time) without look, since then I have add about $20,000 in debt. but I [...]
- I Am Currently 4 Months Behind on My Mortgage and HELOC. What Do You Suggest? – Debbie
“Dear Steve, I am currently 4 months behind on my mortgage and my heloc. I have worked out a modification with my primary lender that I can live with, and I continue to work out a settlement offer with my heloc throuogh chase bank. what would happen if I just paid my first mortgage ? [...]
- I Had to Use My Credit Cards to Live and Pay Bills After My Divorce. – Christine
“Dear Steve, After getting divorced, I had to use my credit card to live and pay bills, taxes,etc. Then I got remarried and we remodeled our home and bought some new things to go into the home. We both have good jobs and great credit, but we have no savings at all. We are living [...]
- I’m Considering a Sweep Loan to Pay All the Credit Cards Off. – Jonathan
“Dear Steve, I have 13K of credit card debt with high interest rates on top of a very large student loan bill. I make 6 figures, but find it very difficult to pay these debts down. I’m considering a sweep loan to pay all the credit cards off and lower the interest rate. What recommendations [...]