Upside Down With Cars?
Melissa and her husband need to sell the cars and get a small personal loan, not another home equity loan, to free up the car loans.
ANSWER: Sell the cars and that will get eliminate $60,000 of your debt. You don’t have to get a home equity line to free up the car loans – just a small personal loan.
Being out of debt has to mean more to you than owning a car.