Credit Card Consolidation With My Mortgage
Posted on August 13, 2009 at 4:34 am
I agree, instead of consolidating credit cards with a mortgage--the consumer who has credit card debts amounting to $7,500 and below can try credit counseling. Consumers who have $10,000 credit card debts and whose accounts are past due may try debt settlement instead.
The consumer shouldn't really have to put his/her home at risk just to get rid of unsecured debts. There are other options plus the consumer who is unable to pay off his/her credit card debts would not go to jail anyway. There would be repercussions yes, but ... they can be avoided.
Posted on August 14, 2009 at 2:40 am
What makes me qualified for a home equity loan?
Posted on August 20, 2009 at 2:27 am
Well as long as you have equity on your home you're qualified--but bear in mind that lenders also take various factors into consideration, such as your credit report, current expenses, how much you need still owe on your total mortgage, and other factors.
You may be able to obtain 50-80% of the current equity.
Posted on September 15, 2009 at 4:51 am
are there other options aside from credit card consolidation with my mortgage?
Posted on September 15, 2009 at 5:05 am
You can either settle the debt, apply for credit counseling, or acquire a debt consolidation loan--and each method works best depending on a particular financial situation. Although I pretty much would advise against getting a loan because it may do one more harm than good.
Posted on September 21, 2009 at 3:38 am
What happens if I fall behind on my equity?
Posted on September 28, 2009 at 6:29 am
What happens if I fall behind on your mortgage repayment? - you can lose your home.
Posted on September 28, 2009 at 6:32 am
the consumer should find ways to fund his/her credit card consolidation plans and leave his/her mortgage be.
Posted on October 13, 2009 at 9:01 pm
Aside from credit card consolidation with a mortgage.... is there any way that I can get a mortgage reduction? Or is that impossible to achieve? I need help with my debts
Posted on October 14, 2009 at 1:50 am
the consumer should find ways to fund his/her credit card consolidation plans and leave his/her mortgage be.
And lose your home in the process? You have got to be kidding!
Mortgage is an essential debt--which means that if you aren't able to take care of it, you run the risk of losing your place of shelter.
If you are plan to go consolidating credit cards with a mortgage, and aren't able to make payments on your home equity, then say goodbye to having a home!
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