Six Figure Debt

20
Nov

Here is the damage!

  • HELOC                              $ 61,622.16
  • Credit Card # 1                $  15,000.00
  • Credit Card # 2                $ 11,206.94
  • Credit Card # 3                $ 21,209.65
  • Misc. Attorney fees         $ 28,000.00

Debt to be repaid.                 $  137,038.75

A large portion of the money we owe, 40k is a loan that we made to ourselves from our home equity line of credit to start our new business.  It is being repaid by the company and should be even in 5 years.  The rest, approximately 97k is ours to pay for no matter how long it takes.

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