Q: I am buried in credit card and unsecured debts. Should I take money out on my home equity to pay them off?
A: Whoooow, hold on lang muna! Why would you want to take an unsecured debt and turn it into a secured debt? Pag kumuha po kayo ng pera para sa equity ng bahay ninyo ay dinadagdagan ninyo ang utang sa bahay. Dito po sa bahay na ito kayo at ang pamilya ninyo nakatira. Magisip-isip po muna tayo.
Magiging dalawa ang babayaran ninyong loan sa bahay, first mortgage and the second mortgage. Kung may nangyari sa inyo at nag-miss kayo sa isa sa mga mortgage ay mag fo-forclose ang lender at magiging homeless kayo. Pag hindi ninyo nabayaran ang mga credit cards or unsecured debts ay magiging homeless ba kayo? Ang sagot po ay HINDI.
There are some uncertainties in our lives which happen all the time. Maaring magiba ang kapalaran just like that. Lalo na po these days na biglang nagkakaroon ng problema ang mga pamilya ng unexpected. Kung dalawa ang nag tatrabaho in order to sustain household expenses, isa lang po ang mawalan ng trabaho, risk na kaagad ang bahay lalo na kung two mortgages ang nakadikit dito. Hindi po biro na ipagsapalaran natin ang ating tirahan dahil sa mga unsecured debts. Di baleng hindi mabayaran ang mga credit cards or unsecured debts, huwag lang ang bahay. Priorities!
Kailangan pong malinawan natin ang ating mga choices bago tayo umaction. Minsan po ay kailangan natin ng third party para makapag decision tayo ng mabuti. Some decisions have effects that are undoable so we have to slow down and easy, easy lang po tayo.
Ating lesson, Bahay na pinaghirapan, isa-sangla dahil sa utang!
If you need help in getting out of debt, call Debt Aid Consulting. We help with Credit Repair while and after your program. We do not use call centers which keeps your information safe. We have a new program that reconstruct debts for half of what you would pay our competitors. We also provide legal assistance that keeps collectors away. We take Federal Credit Unions, Payday loans and high interest personal loans in our program too. This is exclusively available for Debt Aid Consulting clients. None of our competitors provide this program. You are well protected.
We only provide Federal Trade Commission compliant programs. Debt relief companies who charge non-refundable upfront fees are in violation of the ban. Go with Debt Aid Consulting!
Do not fall for marketing gimmicks saying that they have the right program for you. Most marketing companies only have one program and will enroll you in that program whether it fits you or not. So beware!
Ben Lou at your service! I have over 30 years of real financial experience. If you would like sound financial advice, call us at Debt Aid Consulting. Debt Aid Consulting is the first Filipino debt restructuring company to be incorporated in the US and Canada.
Now serving the Caribbean Islands!
Tawag na po sa 1-888-341-5234 at tutulungan po namin kayo.
Itama po natin ang mali!