My husband and I had a baby about 2 years ago and shortly after we moved to the small town where I grew up to be closer to family. Which was a wonderful move except for the fact that we both left our higher end paying jobs for jobs that while secure do not pay nearly as much. When we moved we had to sell our house which we just broke even on and we found a house that was quite reasonably priced in my home town. However, we have a large sum of credit card debt and other misc. debts. To top things off my husband’s car broke down and it was going to cost more to fix than it was worth so we had to buy a different vehicle. So now we are at a point where our incomes do not meet our expenses by at least $750 a month.
So my question is we have been looking into a debt consolidation loan through Embrace Home Loans to consolidate all of our debt at a 4.25% interest rate. Is this a good idea or are there other routes we can take that do not involve bankruptcy? The fact is we just aren’t making ends meat.
It’s time to put debt behind you and start dreaming about your life after debt. – Click to Tweet
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