04-18-2007 06:38 AM
04-18-2007 06:58 AM - edited 04-18-2007 06:59 AM
04-18-2007 07:19 AM
04-18-2007 07:27 AM
04-18-2007 08:19 AM
04-18-2007 10:17 AM
mooshi wrote:Last year I had finally fixed my credit and had and Equifax score of 780. I applied for some cards and maxed them out. Now I am over $25,000 in debt and the APR on the cards are killing me. What do I do? The APR was 29% on a Sam's Club Discover and a Wal-mart Discover card. Please no flaming. I know I messed up and just want advice on how to fix this and not a public bashing.Thanks in advance.
04-18-2007 12:44 PM
04-18-2007 01:12 PM
04-18-2007 04:32 PM
If you own a home, and you have equity of any substance, then I would with reluctance and hesitation mention a HELOC--Home Equity Line Of Credit--to pay off your cards.
Some folks truly do learn their lesson, and go on to clean things up with a HELOC. Others, who claim they have learned yet truly have not, get the HELOC and go right back into debt.
No one here has any idea which camp you're in. Only you do and only if you're truly honest with yourself.
IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions based on Experian or Equifax data (additional FICO® Score versions based on TransUnion data are not currently available on myFICO.com). Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more
FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.