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Should I Cash Out All My Home Equity to Pay My Credit Card Debt Off? – Jim

“Dear Steve,

Steve , Thanks for your time and advice . I have read many of your articles and still not sure which way to go . I’m down by 60G and need help . My first and second come to about 157.000 and I have enough equity based on todays market to clear out my debt . No one will lend you money when you are self employed and 60 years old . I know the payment would be less than I owe on my credit cards the problem is they don’t want to talk to you when you are in a slump.

Do You Have a Question You'd Like Help With? Contact Debt Coach Damon Day. Click here to reach Damon.

Thanks

Jim

Dear Jim,

I had the following questions that I’d like for you to answer before I can answer your question. #comment” rel=”bookmark” title=”Comments Link: “>offer advice in the comments section please feel free to participate.

Damon Day - Pro Debt Coach
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Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.
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