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Posted in Paying Your Bills
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LMW2014

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paying off credit card debt, selling and buying a new house
We recently got a 75,000 inheritance and are going to use part of it (about 22K) to pay off our credit card debt. We were also thinking about trying to sell our house and put a downpayment (20-30%) on a new house. Should be wait for all the credit card debt to be paid off and show paid on our credit report to try to sell and buy a house? If so, about how long might that take? Also, will not having much equity in our house (we've been here less than 10 years) keep us from getting approved for home financing.

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