My husband and I have been flipping homes for quite awhile now and loved what we were doing. Then the real estate fell completely out and we had 3 flip homes that were just sitting there and eating up all our capital we had worked so hard to earn.
As the months went on and the houses didn’t sell, we were slowly falling into debt that was hard on both of us. We called the banks, credit card companies and worked with them until we were able to sell the flip homes and get ourselves back on track. I think by getting help very early, we were able to stop the high interest on our credit cards and wait for the market to ease off.
We are still not completely out of the red, but are slowly seeing the light at the end of the tunnel. One of the things we looked into was to use Debt Consolidation for our bills. After doing a little research, this would have been great for our credit cards we used to buy supplies for the flip homes. One bill, one payment, less interest and a lot less worry on our part.
Debtconsolidationconnection.com is a great place to get debt help, Mortgage Loans, Refinance Quotes, Credit Consolidation, and help with your bills and if you are having trouble with spouse spending during a divorce. I noticed they will be offering a Free Bill Reminder soon. I know everyone forgets that a bill needs to be paid and with credit cards, you miss making that payment by one day, look at all that extra interest you have to pay along with a Late Fee!!
Check out all this great information to help you before you get so far in debt, it will take much longer to get yourself out.