Category Archives: Getting Out

Using a Home Equity Loan or Refinance Option to Get Out of Debt

Homeowners can take advantage of a home equity loan or refinance option to get out of a debt spiral by using the money to consolidate consumer debts. Using a home equity loan means that you take out money against the equity you’ve paid into your home based on the difference between the amount you owe on the mortgage and the current value of the home. For example, if you currently owe $200,000 on a home worth $300,000 at current market value, you’re eligible for $100,000 home equity […]

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Have a Get Out of Debt Emergency Plan

Heavy debt can make you feel as if you’re drowning. You may feel like an elephant is sitting on your chest preventing you from breathing, feel out of control and feel panic that keeps you from thinking clearly. Until you formulate a plan for getting out of debt, you’ll keep floundering and the debt situation will only get worse. When you’re finally determined to rectify the situation by doing everything possible to get out of debt – it’s time to formulate a plan. First, carefully assess your […]

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Avoid Get Out of Debt Scams

When you’re desperate to get out of debt, you may be tempted to grab the first offer that comes along to relieve the pressure and chaos that debt can bring into your life. Unfortunately, there are get out of debt scams that can bring even more pressure and chaos into your life. You should avoid them at all costs. These scammers target those with high credit card debt by claiming they will negotiate with the person’s creditors or reduce payments or debt balance. This is a false […]

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