Comments on: Need help getting a loan to pay off credit card debt! Help?

By: justme

justme — Mon, 24 Nov 2008 22:37:10 +0000

You shouldn’t refinance your home -

You should look into a debt management counseling agency in your area.
They can review your cash flow and try to work out a payment plan with your creditors, helping you to get out of debt.
Creditors usually offer concessions of lowering their interest rates &/or waiving any fees if they agree to the proposals which helps you get out of debt within a positive time frame.

hope that helps and good luck.

By: CommonCents

CommonCents — Sat, 22 Nov 2008 01:26:14 +0000

You may be able to refi your home and take out some cash to pay off the debt. If you have equity, the lender will consider that you are paying off the credit cards and factor that into your debt ratios.
You may need to look at an interest only loan to qualify, just understand what your options are.
Not sure how much debt you have, it is an important factor.

By: Ads

Ads — Wed, 19 Nov 2008 10:21:24 +0000

You simply need a debt consolidation loan. get the loan and pay back the credit cards and then cut them up. Accept one of course for emergencies. My profile under debt has more information on this.

By: coby r

coby r — Sun, 16 Nov 2008 07:09:30 +0000

well the only way you’d be able to get a home equity loan is if your in your home for at least 1 year, which i’m sure you know. it does take a while for all the paperwork to process, so maybe you can start applying now, and when your year is up you can close. only other option i can think of is contacting the credit card companies and trying to get them to reduced your interest rates. they may or may not, but it’s worth a shot. i wish you the best!!

By: Keith O

Keith O — Sat, 15 Nov 2008 04:36:23 +0000

Your credit card debt is not the problem. It is a symptom of the problem.