About Joe Montgomery Expertise I can answer most any question in this area, unless they are seeking legal advice.
Experience I have worked in the lending industry for over 15 years, and worked in consumer lending, (Personal loans, and small collateral loans) as well as mortgage lending during the first 6 years of my career
Publications Currently an all experts expert for mortgage loans.
Question I am looking to pay off credit card debt which I acquired during my college years. I have a total of about $4,600 in credit card debt, all with very high APRs. I have been working as an RN for 1 year now and make about $50,000/yr. My credit score is only 608... is there a chance I will qualify for a personal loan to pay off these credit cards??
Answer Hello Linds,
Your credit score is right at the lower end for qualifying purposes, so getting a $5,000 personal loan may be tough. Your income and job stability may help, so I would say you could give it a try. If that doesn't work, I would recommend trying to combine your cards onto one card with the lowest rate, and even try to negotiate a lower rate with that card.
If you have a local bank you've been banking with for a while try them, as they will know your income, and banking habits, and see that you have managed your debt, and have an ability to repay them.
Good luck, and I hope one of these options works for you!
