FinancialDebt Consolidation
#RI-6a0ea030
11 days ago
1
"Got a HELOC to consolidate $125k in credit card debt."
What Actually Happened
My business failed during COVID, leaving me with $125k in credit card debt. I got a HELOC which paid off all the cards and reduced my monthly payments from over $4,500 to $1,500.
What I wish I knew
"I wish I had known sooner how many viable options there are to manage overwhelming debt."
Advice to Someone Facing This Now
If I could tell you one thing
"Know that you have options and even when everything seems hopeless, there is always something you can do."
Regret Score
1/10
Positive or neutral outcome.
Would make the same decision again.
Would make the same decision again.
Financial Category Average
?%
of Financial decisions share a similar regret distribution. (Coming soon)
Impact
-
Financial and Psychosocial impact distributions for this subset.
Advice for Someone Facing This
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