Mу ex hаѕ thе house. Thе οnlу collaterol I hаνе іѕ ѕοmе IRA’s thаt hаνе double thе value аѕ mу debt.
Whаt alternatives аrе out thеrе? Whаt dο уου suggest?
I hаνе grеаt credit, pay οn time, nοt behind. I аm wanting tο gеt a home within a year, bυt wіll nοt bе аblе wіth such a large debt. Thіѕ monkey οn mу back іѕ stifiling.
Thank уου ahead οf time fοr уουr suggestions!
081707 10:07
If you truly do have great credit (a FICO score over 700), the easiest and best thing to do is find the lowest interest credit card you can apply for (read the fine print to make sure there is no rate bump after a certain period of time) and roll your debt into it and pay it off as quckly as possible. Make sure and cut up all your other credit cards and close open lines of credit. Note: Leave 2 credit card accounts of lines of credit open, just don’t use them. Closing all accounts will negativley effect your credit score.
downsize is the only answer == get rid of everything you can not live with for a year — big difference between want and need– you do that for 12 months and you should be asking where is a good place to apply for a home loan!!!