Hi everyone! I'd like to know what loan option(s) I have available based on the below criteria.
I am a full-time student and full-time employee. This year my income will be slightly higher than $65,000. I am a senior with a 3.9 GPA. However, I have a 671 Transunion FICO credit score due to the following factors:
My wife and I recently bought a new home, (in May) and so my savings has been depleted. The MyFICO credit simulator shows my credit score would be over 750 if not for the incredibly high revolving debt. Can you guys recommend a lender that I should get a loan through? Ideally, I need $2,500 for my next college semester that will not be covered by federal loans but I would also like $17,000 more, if possible, just to eliminate high interest rate credit cards which will also help build my score back up.
Should I apply for a high interest loan where I can qualify just to get the loan and then, with a better credit score, have that loan refinanced through a better lender with a lower APR? In short, if you were me, what would you recommend as the best path forward.
Thank you all in advance!