My husband (34m) and I (29f) are $85,000 in CC debt. We own a home and have a combined income of $140k. The interest on these cards is absolutely killing us the minimum payments alone are $2500 a month. We have about 100k in equity in our house, the cards have been cut up for over a year but we have barely made a dent in the principal. I am not sure if it would be better to sell the house, pay the debt off, and move into an apartment for a year or two and save for another house or file bankruptcy. Any and all advice would be appreciated.
Home equity loan isn’t an option because size of our credit scores.
Total debt 85k
Total income 140k
House equity 100k
Daycare $2000 a month ( yes this is the cheapest on our area and no we don’t have family to help with the kids)
Submitted May 26, 2024 at 09:01PM by aleewalker04 https://ift.tt/Spz96uL
