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amother




OP
 

Post Tue, Dec 29 2020, 7:54 pm
Looking for advice on what to do with around 30k in credit card debt. Is the best option to take equity out of my house or to rather find a loan consolidation company? If yes please share a recommendation for a company.
Any information would be appreciated.
Ty
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amother




Indigo
 

Post Tue, Dec 29 2020, 8:33 pm
Are you paying very high interest on the credit card? what do you expect your rate would be with a loan consolidation company?
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miami85




 
 
 
 

Post Tue, Dec 29 2020, 9:38 pm
We also had a very large credit card debt. I took a loan out with FreedomFinancial and the best part was they were able to negotiate better terms for me once my credit score improved after a few months of payments. That and combined with much lower cost of living we can see the light at the end of the tunnel. Hatzlacha.
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amother




OP
 

Post Tue, Dec 29 2020, 9:45 pm
miami85 wrote:
We also had a very large credit card debt. I took a loan out with FreedomFinancial and the best part was they were able to negotiate better terms for me once my credit score improved after a few months of payments. That and combined with much lower cost of living we can see the light at the end of the tunnel. Hatzlacha.

Thanks! What was the interest on the loan from FreedomFinancial?
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amother




OP
 

Post Tue, Dec 29 2020, 9:50 pm
amother [ Indigo ] wrote:
Are you paying very high interest on the credit card? what do you expect your rate would be with a loan consolidation company?

I am paying rates that aren’t so high but high enough to add up unfortunately.
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