Posted on: 04th Jan, 2009 06:17 am
bought a home a year ago for 200,000. Going into it I had 80,000 worth of equity with the mortgage crisis I have no equity in my home because property value went down. I've been late on a few credit card payments but recently bought a new Truck. Can someone tell me how I can still go about getting a equity line of credit to pay off some bills
Hi ckkgrim!
Welcome to forums!
As there is no equity in the home, I don't think you will be getting a home equity line of credit. As far as credit card bills are concerned, you can check out the option of loan consolidation. A loan consolidation will help you in lowering the interest rates of paying the bills. You can contact a loan consolidating company and check out your options.
Feel free to ask if you have further queries.
Sussane
Welcome to forums!
As there is no equity in the home, I don't think you will be getting a home equity line of credit. As far as credit card bills are concerned, you can check out the option of loan consolidation. A loan consolidation will help you in lowering the interest rates of paying the bills. You can contact a loan consolidating company and check out your options.
Feel free to ask if you have further queries.
Sussane