@WontHeDoIt wrote:
I have about 3 Grand to use right now and was considering a CU loan to pay these off. I have a good income (over 100K) but am trying to save due to a relocation, which is why I need the mortgage loan. Not readyt o go in the garden just yet . . . .
I think you really need to be realistic about what you need to do moving forward and how long it is going to take. Have you talked to your credit union about whether or not you qualify for a loan?
3k isn't even a tiny dent in what you've got, and while 100k is a decent income, you're kind of choosing to save your extra money instead of using it to apply to the debts for you to qualify for a mortgage. I would seriously recommend you focus on paying the debts you have and consider renting until you have that down to a manageable level (all below 30%, below 30% aggregate as well).
I don't want to sound preachy - but this is $30,000 in balances. Consider that it would take nearly 1/3 of your annual income to pay off these balances alone. Banks see that.
I hope you can get a consolidation loan from your credit union to help move forward, but I think you need to have another plan to attack these debts over the next year to move toward getting a mortgage.
