I have about $36000 of unsecured debt. I am able to make minimum monthly payments on my debts, but that is with my parents paying on one of my accounts for me. Also, I am continuing to use my credit cards for gas, groceries, prescriptions because the monthly payments take most of my income in addition to rent, insurance, utilities, etc. Lastly, I’ve borrowed a lot of money from my parents for a move this fall and am yet to pay any of that back. My parents are retired and on a fixed income. Though they are extremely generous and do not pressure me, I really want to pay them back soon. I am sick of the treadmill and want desperately to lift the burden from my parents and myself by consolidating my debt with a loan. I’m reliable, I can make a monthly loan payment without burden, and I have a credit score of 712.
I’m not aware of any other loan sources that are similar to lendingClub.com or Prosper.com that I would recommend.
Let me ask you a really tough question. And one I’d like for you to ponder on for 24 hours before answering me.
I’ll reserve any further comments till I hear back from you.
Please post your responses and follow-up messages to me on this in the comments section below.