Daughter's Credit Card Debt [View all]

My daughter just came to me seeking advice.

Her situation:

She has a teaching degree with 5 years of experience. A few years ago she had started a side business of online reselling that has really taken off to the point that she was making more at that than she was earning teaching. Earlier this year she quit teaching to work full time at her online reselling business.

She came to me last week and confided that she has $25,000 in credit card debt that she ran up over the course of several years taking trips and buying fancy things she didn't really need. Right now she's keeping up with her house payment, her car payment, and all of her other obligations, but only able to make the minimum payment on her credit cards which is around $500 per month.

I've explained to her about paying off the highest interest rate card first, and to her credit she has totally quit eating out and doing anything that wastes money.

I'm thinking that either a home equity loan or home equity line of credit are her best bet for getting out of debt the quickest. She estimates that her house is worth around $350K and she owes $270K right now.

Am I missing anything?