Looking for advice on 48k debt!
48k in credit card debt (including a 12k loan for plumbing).
I took out a second mortgage in 2022 as well as refinanced my home to pay off debt back then. 😬🥴 Total payments between the mortgage and 2nd mortgage is around $2100
Which direction should I take?
debt consolidation company?
heloc? (Confused how these work but I do have a good amount of equity in my home)
personal loan through Sofis/BHG?
any other ideas?
I bring home decent money, but with two kids in sports and everything being so expensive (gas and food), I never have anything leftover. My bills are all paid on time, never late. I try to throw $50-$100 extra on top of minimum payments, but life is kicking my butt financially right now! I’m a salary employee and really do not have extra time in my week for another job. I also do not have any savings.
Credit cards are nearly maxed out. Plumbing loan is $300/month and 1/2 of it is going to interested. APRs on 5 cards are on the higher end.