Jul
25
consolidation loan?
Filed Under Debt Consolidation | 4 Comments
Cannonball asked:
ok, my situation is that I have a huge amount of credit card debt and a few other loans. I am not a “big spender” and financially responsible but a few “curve-balls” that life has thrown me has left me in a hole I don’t know if I can climb out.
ok, my situation is that I have a huge amount of credit card debt and a few other loans. I am not a “big spender” and financially responsible but a few “curve-balls” that life has thrown me has left me in a hole I don’t know if I can climb out.
What I am hoping to do is either do a debt consolidation loan or maybe 2nd mortage. I own a home but other family members stay there and I was hoping to one day own one for myself.
So I guess my question is what are some of the pros and cons of debt consolidation. What would I do or need to do to take out a home equity loan?
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