Private Lending & Conventional Mortgage Advice
Market News & Data
General Info
Real Estate Strategies

Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal



Real Estate Classifieds
Reviews & Feedback
Updated over 2 years ago on . Most recent reply

HELOC Recommendations to Consolidate Credit Card Debt
Hey there, Bigger Pockets family!
I'm currently a bit stressed because I'm facing higher credit card debt than I've ever had after remodeling our house and paying for our wedding (I know, I know, financing this is a rookie mistake). It's time for solutions. I've scolded myself about it plenty already.
I'm in about $70k between different cards. My mortgage balance is just under $290k and the house is currently worth between $450-500k easily. Because of the current credit card utilization percentage, my FICO score dropped from above 800 to a 660.
Would a HELOC be an advisable option to consolidate that credit card debt? If so, what are your lender recommendations?
Thanks in advance for your feedback!
Most Popular Reply

Hi Jose I am and Multifamily investor but with great knowledge of credit card debt. call me let's chat... just for advice I don't have any programs for credit card debt solutions.. just plain knowledge