y husband and I have really low credit scores (500-505), medical bills and collections as a result of medical problems that my husband had. He had a bad history last year with his health and was missing work (without pay after he used all of his sick days/PTO), which forced him to retire early (age 62) and request social security benefits. This has left us with reduced income of almost $700 less, per month. This really hurt our cash flow and led to payday advances and high interest credit.
We are desperately looking for a lender that can help us with either a debt consolidation loan (HELOC) or refinance our current 1st mortgage and get cash out to payoff our debt. This would free up our cash flow, which is the primary reason we got behind. I had a VP from a bank in Sioux City, IA, recommend that I contact your company. He stated that your company was able to help a good friend of his that had credit issues.
We cannot file Bankruptcy, because we had previously filed in 2010 (was due to debt from a previous business and helping a family member with his medical needs), and must wait until August of 2018 before we could file even more.
Based on the current market, our home should appraise at $150,000 to $155,000. We currently owe $103,400 on our first mortgage. Realtor.com has it valued at $154,300. Can someone contact me if you can help?