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Thanks all and yes some great suggestions and as I stated in my original post I wasn't inviting lectures but looking for practical suggestions. This CC debt has accrued not from plasma TV's, luxury appliances and designer jeans. The vast majority is left over from a situation I found myself...

I used a couple of online calcs to estimate selling and buying something similar. Not far off 30k when its all done. Dont think I should rush into selling if I can find other options

Evand that is exactly what I'd like to do but as I have been stuggling so much the last 6 months to keep on top of things the loan history isnt too flash. Although the loans are all up to date there has been a couple of bounced payments when money hasn't cleared in time and a couple of deferals...

Thats really interesting TerryW. Don you do this sort of thing for a living or was it just a one off for a friend? MikeC definitely thinking of more property but there is no way thats going to happen until I can tame this monster

Michael, how would this affect ones CR?

Novar I dont think they would touch that much debt? Could be wrong

Mick C and Aaron C I mite PM you re details

Hi Aaron C. IP 2 is essentially my PPOR but I rented it out a little while back to try and get on top of things but still not getting anywahere in real terms. The rent from 2 properties: 1. 370 pw 2. 470 pw Not married, no kiddies Billy

Thanks all for your replys and thoughts. It helps just to get it out there and get some other opinions. I am leaning towards selling I think. The grief associated with this is not worth it I think. Michael C what was the other financial you were enquiring about? Billy

TerryW would that sort of deal be then reflected on your CRA?

Hi Tess and Terry, The debt has accumulated over several years, is over several cards and has accrued for a variety of reasons most of it property related some renos etc. Its a crap situation. You both think it best to bite the bullet and sell rather than refinance? Billy

Hi, New to this forum but I have a problem and would welcome some feedback and hopefully no lectures. I have 2 IP's 1. Val 380k borrowings 350k 2. Val 440k borrowing 295k I also have a credit card debt of 63k..ouch:mad: I work full time and earn around 86k p.a + super but the CC...