Can you get a equity loan when your house is in dire need of repair and when you have huge credit card debt?

I have credit card debt of about $14,000 (always paid on time and always more than mininum amount). I would like debt consolidation and money to repair (roofing, gutter & windows)the house with extra monies left over. I have never re-financed the house and pay 8% interest since "92"

You can get an equity loan.

My question to you is, "Are you ready to file bankruptcy?"
I just got hire temporary due to the extremely high number of bankruptcy.
It used to be 3 people on the staff, now more than 60.

Think twice befor getting an equity loan because I do not want to deal with your paperwork for bankruptcy along with the others.

You can visit http://www.cashguru.info and find very useful tips and several articles on debt consolidation. Report It

If your going to take out a HELOC, I'd do it on just the amount needed to repair your house. If you put your credit card (unsecured debt) into a loan that's secured with your house, you're putting your home in jeopary if something were to happen (illness, loss of job) and you couldn't make the payments. Try rolling over the credit card debt to a card with a introductory 0% interest rate or just call your credit card company and see if they can give you a better rate than you've got now.

How old are you? This only applies if you are 62 or more-these reverse mortgages seem like a good idea-there are no repayments, amount used is based on equity and you never can outlive the loan or pay it back. Of course, when you or the last surviving spouse dies, there is no $$ to leave to your heirs since the loan would be due. Closing costs can be steep when you do this method but can be written into the loan and estimates of that expense vary from lender to lender. You can use the $$ for almost anything and receive it in a lump payment or monthly payments or a combination of the two. I t seems like a good solution for senior citizens but, of course, is no solution to your problem if you are not in that age category.

instead of borrowing the money - why not get a second job and pay for it that way - you will never regret it

you probably have a lot of equity in the house. if you can afford it about 300.00 have the house appraised this will tell you what you need to get fixed. If you cannot qualify for a loan then sell the house and reduce the price by what it would cost to repair it.