Should I get a home equity line of credit to consolidate my cc debt?
I have $ 22K in cc debt and I want to buy a new house in the fall. My debt to income ratio is too high and I want to get a hELOC to consolidate my debt and pay it off quicker. My credit is poor and the interest rate is 25%. I am struggling making min. payments and really can not reduce my balance with such high rates. The cc company will not lower my interest rate. What should I do to get out of debt and increase my credit score???