Can you get a home equity loan while in a debt management program?

December 25, 2009 by B. Benson  
Filed under Debt Solution

disappearingact asked:

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.