I just entered a debt management program to get control over my credit card debt. I have done this separate from my husband. Only my credit is affected. Just after I entered into the program, my husband started showing interest in a home equity loan to consolidate our debt (his credit card and vehicles) and do home improvements. In our marriage I am responsible for my own debts, but I am wondering if being in the DMP will affect the chances of us obtaining the Home eq. Loan. Serious educated replies will be very much appreciated.

I am looking into a debt management plan. We tried a home equity loan but our credit has gone down to far for it. The one that I just applied for said they save on average $125 a month….that won\’t cut it. Anyone have been success than that? I don\’t need lectures…unfortunate health circumstances put us here. We just want a superior life. I would love to hear success stories!