What is your middle credit score? What is the baddie from and can you get it removed? If you can get the baddie off (depending on what it is), your credit score should jump significantly and you could prob get that loan? Do you have anything you can use for collateral for a loan? House, car, etc etc?
If your credit score is low because of utilization then see if you can get your credit card companies to increase your limits to get it to go up. If you can pay it off in 3 months if you can consolidate then however bad the interest rate is, it wouldn't take more then 6 months to just pay them off and be done with them....Always make the minimum payments towards you lowest interest rate loans, and put everything else towards the highest interest stuff first...
Starting Score: EQ 575 EX 595 TR 524
I understand the fact you want these CCs paid, but if you could pay the loan off in 3 months, could you not pay the CCs off in that time period also? Maybe start with the lowest one, pay it off, then roll that money onto the next one?
Starting Score: 504
Current Score: EQ FICO 819, TU08 775, EX "Who Knows?" Quizzle 756
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If you plan to pay off the consolidation loan in three months, plan to pay of the credit cards in the same amount of time. Honestly, three month's wait really is not that long. Throw whatever extra cash you can at your lowest balance card for the time being to pay it down, if it's paid off before your refund comes in then pay that amount towards your next highest balance.
I think it was just more based on the idea that you had said you would be able to pay off the personal loan in three months. Since the APR of the personal loan would be at most 10% lower APR chances are the interest rate (the only reason to get a consolidation loan in the first place) wouldn't be different enough to alter your plans of paying the money off in three months anyway.
Jutz wrote:I think it was just more based on the idea that you had said you would be able to pay off the personal loan in three months. Since the APR of the personal loan would be at most 10% lower APR chances are the interest rate (the only reason to get a consolidation loan in the first place) wouldn't be different enough to alter your plans of paying the money off in three months anyway.
+1
Plus with your scores your loan would be in same range as CC. interest rates on personal loans arent that great right now... i work at a bank so i know
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