I'm about 50k in debt with credit cards and personal unsecured loans. I've been making all my payments and I can continue to make my payments, but my credit score is starting to take a bit, and it's really eating into my spending money.
The debt came from a home remodel that went way over budget. I plan to pay everything I owe, and I'm not looking for a way out or any relief, but I would like to know if there are any options for consolidation with 50k worth of debt, and a continually decreasing credit score. Currently about 657 on equifax, 746 Trans union, and 738 on experion.
Are there any options available for people who want to pay everything they owe in a more controlled method? It seems like all the services out there require you to default on one thing or another. I only have about 20k in home equity at this point, so it's not really enough to take care of all the debt. I've tried to get another large personal loan to consolidate everything, but keep getting rejected do to excessive obligations. Which doesn't make since to me because it I got the loan I wouldn't have those other obligations.
Can anyone lend any advice?
Submitted September 30, 2018 at 10:47AM by this_one_wasnt_taken https://ift.tt/2QhV7kk
