Do to a recent forclosure, we have debt. Should we pay on them or use a debt consolidation?
We had a house for sale and was in escrow when my husband got a really good job offer. We took the risk and moved, the house fell out of escrow and we were stuck with a mortgage and a rent payment. We tried paying both for 1 year and during that time had to use credit cards to get by. Now that we forclosed and our credit is bad. We would like to buy again in a year or two but have this debt. Would it be better to pay on the credit and have a higher debt to income ratio or go through debt consoladation and have late payments on those credit cards but they would be paid off faster???? Can our credit get any worse??
June 11th, 2009 at 9:19 pm
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