Hello,
I'm currently in underwriting for a mortgage...been super stressed about that and hope it all goes well by the end of September.
Anyway, one thing I've been considering after closing is taking out a personal loan. I would like to do that to help pay off credit cards and IRS payment plan (and perhaps to get some stuff I may need for the house, but that's less of a concern).
My question is if I decide to pursue this, what kind of candidates do they look for? After the mortgage closes my assets will be pretty limited (using 401k to help close, yet another reason I would like a loan to help offset that). My credit scores as of now are in the mid to upper 600s. My income (counting bonus and OT) is around $90,000. I have pretty high util (most cards ranging from 70-85%).
So based on all that, is it something worth looking into? Given my situation, is there a reasonable shot I might have?
Obviously I can't look into this seriously until after settlement, but I'm trying to come up with a plan to get life a little more comfortable. Any and all advice and recommendations are very much appreciated.
