Hello personal finance,
I have been increasing my financial awareness and responsibility over the past few months for the first time in my life. I have paid off several small debts I had been ignoring and completely changed my spending/budgeting habits. My question is, I have only one remaining bad mark on my credit. It is an apartment complex 3 years ago that applied tons of fees after I had moved out. I didn't handle the situation ideally (see: ignored it) and it's far too late now to challenge the validity of the amount. I am not able to rent an apartment with this item. The total amount is 2600, but they have offered to settle for 50%. I do not have this amount in a lump sum and wondered if taking out a loan to pay the collection all at once and then pay off the loan in a couple months would be a good idea. The issue is that with my credit I have been declined for a small loan at larger lending institutions. I have a reliable income and my score is on the rise. What would be my best option in this situation? Thank you!!
Submitted October 02, 2017 at 02:58PM by ProperPiper http://ift.tt/2xSLJ08
