I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2n

You should cut back on the extra%26#039;s in your life style so that you are cutting back on the amount of debt you incure each month. Cut back things like going out to the movies, going out to dinner, buying unneccessary items, etc. That will clear up some extra money each month, which you can then put towards your existing loans.

Taking out more loans to pay off existing loans suggests that you spend more than you make. When you cut back on how much you spend, you also help alleviate your debt. Start making double payments on things you can- your credit card is the easiest, because anything above the amount due still goes to the card, where as with some types of loans, you have to send in a specific amount above the amount before it pays towards the principle, and not the interest.

If you have enough paid off on the cars, keep them. If you still owe an arm and a leg, sell them off, and get cheaper older transportation. You don%26#039;t need a brand new car to get from point A to point B.

Taking out more loans or doing a mortgage is one of the DUMBEST things you can do, financhially right now. Try looking up Dave Ramsey. He has lots of information on his site about lowering debt, and getting out of it easily.

I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2nd mortgage

You gotta get rid of the high interest debt first. Good way to do this is to consolidate loans. Credit counseling may help here, or you can do it on your own. Taking a second mortgage or home equity LOC is a good way to do this, a 7% loan to pay of 20% credit cards is clearly the right action to take.

Car loans may be okay to keep, depends on your interest. Kill your credit card debt first and quickly.

I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2nd mortgage

Contact a credit counseling service. You will pay something for the service, but it is a lot less risky than a second mortgage.

I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2nd mortgage

Try to get an equity line of credit through your bank. Tell them you want to consolidate your debt into one monthly payment with a lower interest rate. If you have equity in your property, most banks will comply.

I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2nd mortgage

don%26#039;t borrow anymore again try to clear your credit and then cut up your cards borrowing money is a bad habit that people get into we can all live without doing it these companies are making a fortune out of you so start now and make it all happen good luck

I have some dept , credit cards, car loans, ect, whats that smartest thing for me to do, should I 2nd mortgage

Plenty of good advice here.