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overthelimit

Home Equity Loan or Debt Management Company

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Looking for advice, currently own home outright $140,000, no mortgage or equity loan. Have over 100,000 in credit card debt. Not sure if we would get approved for a Home Equity loan, no negatives, no late pays everything is current. Paying high interest every month, and only making minimum payments. Reading on hear about Green Path debt management and if that is the route to go. Self employed and income dropped drastically 3 years ago, and just getting by. Scores are in the mid 600's last time I checked, might be lower due to the cards are close to being maxed out. Any advice?

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We went with GreenPath for our credit card debt. We have paid about $30k in 3 years and have about $12k and should be done next year this time. Our payments have never been late we were just getting overwhelmed paying just the minimums.

 

Initially our scores took a hit...low to mid 600s because once you are in the program the creditor closes the account. My husband and and I are up to the 740 and even got an auto loan for 3%!!!!

 

Greenpath works with the creditor and lowers the interest rate. They dont hold onto money its sent monthly to each creditor.

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Looking for advice, currently own home outright $140,000, no mortgage or equity loan. Have over 100,000 in credit card debt. Not sure if we would get approved for a Home Equity loan, no negatives, no late pays everything is current. Paying high interest every month, and only making minimum payments. Reading on hear about Green Path debt management and if that is the route to go. Self employed and income dropped drastically 3 years ago, and just getting by. Scores are in the mid 600's last time I checked, might be lower due to the cards are close to being maxed out. Any advice?

 

I would go the home equity line, but you have to change your spending habits to match current income , or you will lose your house

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Looking for advice, currently own home outright $140,000, no mortgage or equity loan. Have over 100,000 in credit card debt. Not sure if we would get approved for a Home Equity loan, no negatives, no late pays everything is current. Paying high interest every month, and only making minimum payments. Reading on hear about Green Path debt management and if that is the route to go. Self employed and income dropped drastically 3 years ago, and just getting by. Scores are in the mid 600's last time I checked, might be lower due to the cards are close to being maxed out. Any advice?

 

I would go the home equity line, but you have to change your spending habits to match current income , or you will lose your house

 

 

 

I would never risk my home on unsecured debt.

 

Greenpath has a good reputation. Give them a call, see what they can offer, then make your decision.

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Looking for advice, currently own home outright $140,000, no mortgage or equity loan. Have over 100,000 in credit card debt. Not sure if we would get approved for a Home Equity loan, no negatives, no late pays everything is current. Paying high interest every month, and only making minimum payments. Reading on hear about Green Path debt management and if that is the route to go. Self employed and income dropped drastically 3 years ago, and just getting by. Scores are in the mid 600's last time I checked, might be lower due to the cards are close to being maxed out. Any advice?

 

 

Any update? We care. :)

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