Currently 13k in debt with high interest credit cards, and I owe my landlord a few months back rent. The history of how I got here is a long story, but the important part is I'm working on fixing this. I'm currently employed with a well paying job, and have been steadily chipping away at my debt, although my card utilization is still at 89%. Payment history is perfect however, and score is currently at 600.
Would it be at all feasible for me to apply for a personal loan with my credit union (say $5,000) to pay down some of the high interest cards and catch up on rent? Or will they most likely not consider touching me because of my numbers? I've also considered applying for a new 0% intro APR card, so I can at least do a balance transfer off one of the high interest cards. This will lower my utilization percentage as well. Again however if there's no way these things will happen I might need to re-assess my short term plans for getting things straightened out.
Submitted March 13, 2019 at 11:59AM by SouvlakiPlaystation https://ift.tt/2VRTZGQ
