Tag Archives: home equity line
- I Want to Use a Home Equity Loan to Get Out of Debt. – Sandy
“Dear Steve, I ran up some credit card debt starting a business and would like to pay it off. Right now I am using balance transfers with 0% (but with 3% transfer fee) to keep a handle on the debt, but it’s an on-going game. I’d like to make it simple and focus on paying [...]
- Donna Writes and Asks “What Is The Best Way To Become Debt Free The Fastest?”
“Dear Steve, We owe about $70,000 on our mortgage (we pay $100 extra each month), we have a $110,000 equity line and about $20,000 in credit card debt. We pay extra on each but don’t seem to be getting anywhere very fast. We want to be debt free. What is the best way to become [...]
- Can You Recommend a Debt Consolidation Company in Pennsylvania? – Virginia
“Dear Steve, We have a small business and used 2 major credit cards to the max, along with a line of credit, totaling $99,500 worth of debt. We would like to consolidate the credit cards with a lower interest rate, and get a home equity loan combining our mortgage balance and line of credit balance. [...]
- Is CCCS Right for Us or is There a Better Alternative? – Shawn
Shawn “Dear Steve, I have about $100k of unsecured consumer credit card debt spread out amongst several (about 15) cards. My wife and I are both in very stable jobs, and combined we make about $110k a year (about $6000-$6500/mo take-home after tax, health insurance, etc). We “own” our house, in other words, we pay [...]
- 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’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 [...]