I am completely lost at this point...unsure of what to do. In 2014, I was paying unreasonable rent. I decided to move on my family's land when I got this idea to get a prefab cabin. I pay $500 a month on $12,000 with only 45% goes towards the purchase. Moreover, I have been working on the inside bit by bit with materials and labor that I have run my credit utilization up to 80%! I work three jobs and drive a beat up pick up. Don't laugh no payment : )
So fast forwarding, I need to do something drastic in order have this project finished by the winter so I may begin living tiny. My mind says try for a loan to pay off the cabin, credit cards, labor, and materials. Who will finance me?
I filed bankruptcy in 2014. Since then, Navy Federal credit card $1000, capital one $2500, finger hut $750, Walmart 500. Credit scores are Transunion 609, Experian 642, Equifax 626 with three jobs.
Should i I just keep doing everything out of my pocket or pay everything down and go for the loan?
