My husband recently struggled on some finances and found himself 4-5 months behind on many things. Now we have 3 reposession notices for his quad, motorhome and trailor. The thing is this dropped our credit scores down to the 490-550 range which is AWFUL when 6 months ago it was up in the 650-700 range. The thing is I own a home and a business and I am a high end manager at the resort casino.
I have been deperately seeking a loan for $100,000, that specific amount of money would pay off everything on my husbands and my credit. The cars, cards, motorhome etc. and bring us down to 1 monthly payment with TONS of collateral!! This would save our lives at the moment! We have 3 daughters and are struggling tremendously to catch up but we can't find anyone to help us!! corrinam2003@yahoo.com
2007-01-31 08:19:54 · 5 answers · asked by Corrina Marie 2 in Business & Finance ➔ Credit
A home equity loan can allow you to borrow money at a much lower rate. Just make sure that the lender that you apply with has good terms.
In addition to lower rates, you can generally deduct the interest income on these loans as a tax-deductible expense (consult your tax adviser).
2007-01-31 08:52:34 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Bad credit is one of the worst problems to have... however there exists a solution.
I will hereby talk from my personal experience.
I did debt consolidation a couple of years ago, however If I had to do it again I would pay to some minor details,
if someone wants to get out of debt today it is pretty easy with a debt consolidation plan, however it may get a bit tricky at times, I suggest you get as much information as possible online on this first,
a good place to start in my humble opinion is astraight to the point ebook with question and answer I found :
http://umgarticles.atspace.com/debt-consolidation.htm
if it helps kindly remember me in your voting!.. cheers!
2007-02-01 00:53:52 · answer #2 · answered by gabriel jones 4 · 0⤊ 0⤋
Why can't you get a an extra job or him get a second job instead of asking others for money... You sound like you have been dipping into your work- at the casino too much...
2007-01-31 08:24:53 · answer #3 · answered by Its me!!! :) 4 · 1⤊ 0⤋
As long as 2 of your 3 credit scores are above 500, I can help. Email me - gbo39532 at yahoo.com.
2007-01-31 08:25:03 · answer #4 · answered by Mr. Knowitall 3 · 0⤊ 1⤋
wow take on more debt because you have debt problems...that makes lot of sense, you should write a book
2007-01-31 08:24:15 · answer #5 · answered by monetspicasso 3 · 0⤊ 0⤋