Approx. $25K in credit card debt. Using 75% of available credit and making minimum payments. Tried the home equity route already and was denied. Have a credit score of about 706.
I would like to obtain an unsecured loan to pay down debt, but using 75% of my available credit is probably going to hurt me even if my credit score is 706, right? Do you think there’s even a chance of obtaining a loan? I’d rather not have another credit inquiry on my credit. I’ve had 3 in the past year or so.
I think my guide The Ultimate Debt Consolidation Loan Guide: Getting Approved, Acting Smart, and Being Wise will do the trick for you.
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