K
Keith B
Guest
$25k without owning a home? Hello All,
I'm trying to roll up my outstanding unsecured debt (about $25k) into 1 payment per month at a lower interest rate than what my current avg. interest rate is (19%). I gross about $6k a month as an analyst with a utility company and get paid monthly. I have a credit score around 630, I rent an apt. and I'm financing my car. I'm paying close to $1,500 a month towards my unsecured debt, a small % is going towards the actual principals. The payments are due on various dates each month (which I've already moved some bill cycle dates) which has caused me to be late or miss payments altogether. Ultimately my goals are to have 1 payment (close to my pay date), have a larger % of the payments go towards the principal at a better interest rate, lower my payment to around the $650-$800 range per month & improve my credit score. I think the only hope I have is to try & get a loan with a co-applicant/ co-signer.
With that being said, does anyone have any suggestions on a route to take?
I'm trying to roll up my outstanding unsecured debt (about $25k) into 1 payment per month at a lower interest rate than what my current avg. interest rate is (19%). I gross about $6k a month as an analyst with a utility company and get paid monthly. I have a credit score around 630, I rent an apt. and I'm financing my car. I'm paying close to $1,500 a month towards my unsecured debt, a small % is going towards the actual principals. The payments are due on various dates each month (which I've already moved some bill cycle dates) which has caused me to be late or miss payments altogether. Ultimately my goals are to have 1 payment (close to my pay date), have a larger % of the payments go towards the principal at a better interest rate, lower my payment to around the $650-$800 range per month & improve my credit score. I think the only hope I have is to try & get a loan with a co-applicant/ co-signer.
With that being said, does anyone have any suggestions on a route to take?