What would the loan be for? Would it be to consolidate the credit cards into one payment? Depending on what the minimum payments are for the cards and any other consumer loans in relation to your income your DTI may be too high to get a loan. I wouldn't entertain this idea in your situation.
If I were in your shoes this is what I would do.
Cut up the credit cards and toss them
Debt snowball. List them in ascending order and tackle the smallest balance first and close the line once it's paid off. Move onto the next and so on and so forth.
Do you have anything that you can sell on ebay for some extra cash to throw at the credit cards? Are you open to getting a weekend or afternoon job until you can get the cards under control.
hjarr t1_j2dkdk8 wrote
Reply to Need advice on paying off CCs by Alternative_Ad2706
What would the loan be for? Would it be to consolidate the credit cards into one payment? Depending on what the minimum payments are for the cards and any other consumer loans in relation to your income your DTI may be too high to get a loan. I wouldn't entertain this idea in your situation.
If I were in your shoes this is what I would do.
Do you have anything that you can sell on ebay for some extra cash to throw at the credit cards? Are you open to getting a weekend or afternoon job until you can get the cards under control.
Wishing you the best.