No. of Recommendations: 1
Hey Boomer!

I feel a little guilty since we incurred our debt because of carelessness and purchasing our "wants" as opposed to our "needs." You, however, got into debt because of medical reasons.

Be that as it may, I we are both in the same predicament. I also considered HEL and debt management, but the wise "fools" out there gave me much needed advice and support. See my post under Debt Management and the positive responses I got.

Anyway, I decided to fight my own battles and get my CC rates down myself. I am happy to say that I consolidated my balances into one CC with 7.9% for nine months. I will renegotiate at that time or look into a low rate loan from my credit union or play the CC transfer game. I would advise you to negotiate your CC rates down, as I did.

Go to http://www.fool.com/Features/1999/sp990105Howtosave.htmfor ideas on how to negotitate your rates. I used these techniques to get mine down.

My boy will start preschool soon, so my wife will start to work to take up the difference. We are also looking into renting out one room for now. Also, we will have yard sales to raise a few extra bucks. Eventually, we are thinking about turning the house into a home-health business, but that will take time.

In the mean time, I wish you well. Keep your head high, my friend!

O.
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