My cc util is high - at about 43%. We bought a home a year ago, start renovating, and then my hours got cut 25%. So that put aside most of the remaining renovations, <<sigh>> It stinks living out of rubbermaid buckets in the kitchen!!
So, I've had to put SOME things on our CCs just to get it to the livable stage. I've never been late or overlimit on my cards. Unfortunately Cap 1 just RJ'd our cards to 17.9 and 21.9.
I've tried to get a loan to pay off the cards and finish the reno, but no deal. I've tried to get a different card to transfer the balances to a lower interest card, again no deal. Everyone says our util is too high.
I have NO money to pay down the cards, I pay $50 (just above the minimum due) on 2 cards and $100.00 on 1 card. The balances are $600, $700 and $900.
Does anyone have any advice for me??? Am I stuck with high interest cards until I can pay them down, which at this rate seems like FOREVER??? I can't get a loan, I can't get a different card... I'm soooo frustrated!!!