How can i get a home equity loan or line of credit to pay off debt,i have delinquent payments on some accounts solution

How can i get a home equity loan or line of credit to pay off debt,i have delinquent payments on some accounts

Tags:banking institution, credit cards, debts, delinquent payment, local bank,

3

I was not long ago divorced, my daughter is in college. we fell during a back of upon a little payments upon my credit cards in an bid to await my daughters tutorial needs. we have dual homes with approx. ,000.00 value of equity. we requested from a internal bank where i already have a note to steal approx. ,000.00 to compensate off all cards as well as alternative debts. The promissory note establishment refused my request, saying which i have a little derelict remuneration issues, upon cards, etc. He settled given i have a note with them a usually thing he can do, is re-adjust my payments upon which sold note i have with them. we am brand new during this sort thing, could someone greatfully give me a little advice? we am only perplexing to bail myself out of a reason which i am in, to have a hold up improved for my daughter. Both homes have a garnishment upon them with a bank.

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Comments (3)

Pengy said on 06-06-2010

Poor credit, add liens on home’s (which takes away from equity) high credit card debt, and income unknown. From the little gathered here it sounds like you are already over your head, especially in income to credit ratio. Add to all this the credit crunch that is rapidly approaching, and the glut of homes on the market leading to, or shortly will be the depreciation of those homes, not likely will you get a loan with any terms that are doable. Place one of the homes on the market and hope for the best. Place the one with the most equity so you can get rid of the liens. Do not keep digging yourself deeper and deeper in a debt you may end up losing everything. Not what you want to hear and most likely will go with one of the many scammer’s that propagate these boards. So will wait for the question in months to come asking I am being forclosed on two homes what should I do?

James F said on 06-06-2010

Here you can borrow up to 25K hope it helps!

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P J said on 06-06-2010
	If you could not get it from your own bank where they obviously have your payment history, then you may be out of lucky right now. Things are tightening up for those who have made bad decisions regardless of the well intended reason. DO NOT respond to any of the jackasses who dropped their phony ads for you.