I’m 30, credit not horrible, but not good either. About 650. I have been trying to get a personal loan to consolidate the 20k I have in credit card debt, but the most I have been offered is 5k
I don’t plan on buying a new car or a house in the next few years (or ever if we are being honest) so I can’t imagine what having shitty credit could impact if I stop paying my credit card bills. Right now I’m just underwater on payments and am basically just paying on interest every month without making much of a dent. I don’t really see any other way to get out from under this debt in less than 10/20 years.
Thoughts? Is there something I’m not thinking about or implications to doing this that might harm me in another way other than just a credit score? I don’t want to make an irrational decision if there’s another way.
Submitted August 13, 2021 at 07:55AM by JKElleMNOP https://ift.tt/3iJSh96
