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Good question. to be honest im not to sure...:confused: I think they do a CR check. One question, why are you more concern about the CR hit then solving the debt itself? thinking of buying another property? Regards Michael

Im more incline to engage in a credit card recovery counseling service. 1. They are free ( they make a commission from the rate) some anyway. 2. They talk to the credit card on your behalf and they can work out a "plan" to works for you to pay the company back ie Rate will be 9% over 3...

Pretty much what Arron posted earlier. 1, PPOR? renting or mortgage as well? how much rent or mortgage per month? If mortgage PPOR financial break down in val and debt remaining 2. Married? kids ..how many 3. Another debt- personal, car loan? amount and min monthly repayment? 4. Rental...

if he can get the 7% rate :o Need to know another financial to work it out, but im presuming worst case scenario :rolleyes: Regards Michael

1. check if you can refinance first with that sort of debt, i doubt you will benefit much from any refinance given the size of the cc; as you be force to go to non-conforming lenders and rate will start at 8% not just for the refinanced CC debt; but your home loans as well... it 's sort of...