Here's our problem. Due to misfortune/bad luck, whatever you want to call it, we've collected some high debt. It's been a thing with us where several things at once would break and we wouldn't have the cash to fix it but needed it all fixed just to survive. At one time both cars needed new tires or else end up in an accident, they both needed replacement parts at the same time, refrigerator died, AC died, so on. Everything would be okay and we'd begin to pay off the debt when something else would break and another avalanche would happen. Anyway, we're at that point of needing a personal loan to help pay it off and cut cards up. That typical problem occurs often with us where you're prequalified for a personal loan but the monthly payment ends up higher than what you already pay.
Has anyone found a loan or way to get a lower interest personal loan to consolidate and begin working on debt? It may just be that we are stuck. Our interest rates for cards is 16%, 18%, 20%. The suggested loans through LendingClub is $100 over what we pay now. We tend to just wait for a commission check to lower a card and hope no other things break. As of now, our fridge is dead. Welcome to my life.
Submitted June 28, 2017 at 09:42PM by StangYou http://ift.tt/2si25hW personalfinance
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