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Should i use car equity to pay cc debt?

Submitted by derekarn on Wed, 04/03/2019 - 22:07
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I have credit card debt of about $14,000. One of my friends has suggested to use my car equity to repay the CC debt. Is it a good option?


No. Don't involve your car into this. Try to settle debts with your creditors instead. Tell your creditors that you can't pay $14,000 due to financial problems. Offer an amount you can pay and see what they tell you. Post here if you need any more help. Go to the letters section and download a debt settlement letter.


Submitted by David Martin on Fri, 04/05/2019 - 00:29

David Martin

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