she is dating a girl from - Help with consolidating credit card debt

A creditor advised that she could take out a second mortgage to pay off her credit cards.That just made her debt problems more stressful: “My mortgage payments went up to ,000…

Use the ten points below to give yourself the best opportunity for success.

The biggest mistake people make after consolidating credit card debt is that they don’t stop making new credit card charges.

As a result, it was all too easy to start charging again.

The right way: Once you consolidate, you need to set up a household budget.

See how we helped Carol take control of her budget to get ahead. There are plenty of ways to consolidate that don’t tap your home’s equity.

It’s simply not worth it to use a second mortgage solely for the purpose of paying off your credit cards.

I could barely make the payments, but only if I started charging my day-to-day needs on credit cards again.

And out of that ,000, I was paying over

It’s simply not worth it to use a second mortgage solely for the purpose of paying off your credit cards.I could barely make the payments, but only if I started charging my day-to-day needs on credit cards again.And out of that $2,000, I was paying over $1,000 a month in interest on the mortgage.” When your income depends on others because you work in a service industry, things can get tough when the tips simply aren’t coming in as quickly as you need.That’s different from secured debt, like a mortgage which uses your home as collateral.In this case, if you default on your mortgage, the lender will take your home and sell it to recoup their losses.Now, if you fall behind, you can be at risk of foreclosure.

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It’s simply not worth it to use a second mortgage solely for the purpose of paying off your credit cards.

I could barely make the payments, but only if I started charging my day-to-day needs on credit cards again.

And out of that $2,000, I was paying over $1,000 a month in interest on the mortgage.” When your income depends on others because you work in a service industry, things can get tough when the tips simply aren’t coming in as quickly as you need.

That’s different from secured debt, like a mortgage which uses your home as collateral.

In this case, if you default on your mortgage, the lender will take your home and sell it to recoup their losses.

Now, if you fall behind, you can be at risk of foreclosure.

||

It’s simply not worth it to use a second mortgage solely for the purpose of paying off your credit cards.

I could barely make the payments, but only if I started charging my day-to-day needs on credit cards again.

And out of that $2,000, I was paying over $1,000 a month in interest on the mortgage.” When your income depends on others because you work in a service industry, things can get tough when the tips simply aren’t coming in as quickly as you need.

That’s different from secured debt, like a mortgage which uses your home as collateral.

,000 a month in interest on the mortgage.” When your income depends on others because you work in a service industry, things can get tough when the tips simply aren’t coming in as quickly as you need.

That’s different from secured debt, like a mortgage which uses your home as collateral.

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