Let me start off with we are working on our credit and paying alot towards debt but feel like we are in a situation that we should have some options as well, so looking for ideas. My DH 42 and I 41 have total income of minimum $175,000 gross(I say that because there is some comission and bonus opportunities). Our debts: 25k in credit cards, $20k in student loans, $15k in personal loans. After some bad health stuff we got in the debt we are and credit took and complete nose dive, but also have 3 paid of cars(have a teen driver soon to be 2) and our primary residence has upwards of $90k in equity and a rental house that has $50k equity. Our credit is 585(mine) and 610(dh). We are paying 20% interest on debts and are hobbling one car along and afraid we don't have much time. We always fall well below our budget and that is what we are using for debt payments but, I feel like we could use our homes to pay debt and car, but also know our credit probably means we can't refinance or get a Heloc. Ideas? Or do we just have to wait until we get closer to 700 credit? Thanks Reddit.
Submitted February 09, 2020 at 08:21PM by flojo5 https://ift.tt/2OHKKrJ
