Debt consolidation... well, not for me, anyway.

[nockergeek]

Applied for a bank line of credit to help us fix our debt situation. Up to $3,000 with a decent interest rate, and it would help us get everything caught up this month.

Just got a call back. We were denied. Our credit history is just too bad, they said. Our only other real option is to use the car as collateral for a loan once it's paid off this month, I guess.

Here's the real kicker -- our credit's so bad, we can't even get a loan to fix our credit. So instead, they refuse to help us and doom us to just barely getting by over the next several months, if not years. Something else this tells me -- our credit is so bad, there's no chance in hell that we'll be able to get a home loan in the next year. I mean, if we can't get a loan for $3,000, there's no way they're going to give us a loan for $75,000 or more.

We are well and truly fucked.

Comments

[the-z.livejournal.com]

We can do it. Don't worry.

[nockergeek.livejournal.com]

Oh, I know we'll make it. Technically, we're no worse off than we were before. It's not like they're taking _more_ money away from us. We're in the same position that we were before I went to the bank this morning. It's just that my hopes for an easy solution got crushed. I'm feeling a bit better now, and next month, we'll be fine, honestly. This month may be a bit tight, but hey, that's why I'm selling things on eBay, right?