You could sell your car and pay off you CC debt and buy a car with a sizable down payment.
I would consider this as well. Back in the early 2000s I had a three year-old Mustang that was also PIF... when times got tough, I sold it to CarMax for a little over the book value. I might could have done better with a private buyer, but it was no-hassle, and they were able to give me a check the same day.
I know this isn't what you're wanting to hear - and if you look hard enough you might (?) find other options, depending on your credit profile - but this would be the quickest 'fix'. As Donny suggests you could use part of the proceeds as a down-payment on a new more modest-priced car, and use the difference to pay off your credit cards. In time, you could use the money you will save in credit card interest to put down on a new 'dream car'... the difference is next time you (ideally) won't be saddled with credit card payments.
Good luck whatever you decide!
Welcome to the board. Unfortunately, your scores are too low for the places you tried to get a loan at. Have you tried the credit union? CUs tend to be more lenient when it comes to lending.
Not sure where to post this,
i posted this in rebuilding credit, but I'm not sure where to post
I'm wondering if anyone knows where to get a reasonable personal loan to consolidate Credit Card debt?. I tried Upstart, avant, lending club etc and they all said no. My EX is 621, TU is 609, and EQ is 599, ( they were all below 400 3 months ago) I have $10,000 in CC debt. I currently have a $4500 monthly net income, with $2400 going to my mortgage every month. All I have is my 2014 GT500 that is fully paid for and valued at 41-44,000. Anyone have any advice?. I'm currently paying $500 towards cards every month but the interest rates on them is 24.99%, 27%.
You say you have 10000 credit card debt, what is your credit limits, because utilization is 30% of score, but is a point in time metric. If that 10k is causing very high utilization, then paying that down to under 9% can raise scores so you qualify for the loan you need. Is there a family member that would loan you enough to do this for a week or two?