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Stay or Sell?
bob5
Posts: 32 Forumite
I have debts of about 30k. I have a mortgage of 151,000 and equity is 85,000.
I am struggling with these debts and have no money after payday as it is all swallowed up.
Questions are: Do i sell and go into rented property to clear these debts and save the rest of my equity for future deposit on house in a couple of years time? (hoping my credit score would improve by then)
Or do i try and stick where i am and pay these debts off slowly?
Or is there away I can use the equity in my house?
I am struggling with these debts and have no money after payday as it is all swallowed up.
Questions are: Do i sell and go into rented property to clear these debts and save the rest of my equity for future deposit on house in a couple of years time? (hoping my credit score would improve by then)
Or do i try and stick where i am and pay these debts off slowly?
Or is there away I can use the equity in my house?
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