Why You Should Settle Your Defaulted Second Mortgage or HELOC Now
October 16, 2015
Charles Phelan is a former executive in the debt settlement industry and a debt coach who helps people get out of debt without bankruptcy. He teaches do-it-yourself debt negotiation at ZipDebt.com, and provides consultations for second mortgages and HELOCs via SecondMortgageAdvice.com.
The credit bureaus are worried about the $265 billion of home equity lines of credit (HELOCs) that will enter repayment mode in the next few years, and so am I.
The New Foreclosure Threat: Troubled HELOCs & Second Mortgages
Here are seven warning signs your debt is getting out of control. You don't need to have all seven indicators to be at serious risk of a credit card meltdown.
