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Question By
sikachu

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What is the highest credit utilization to be able to get personal loan?
My FICO is around 622, my utilization is around 95-97%, and I'm looking to get $15,000 to consolidate my credit card debts. I keep getting rejected by all the tools that CK advises (even they knew that I want to apply because of _that_).

So, does anybody have any idea how much I should low my credit card utilization so I can get a personal loan to consolidate my debt? Paying 21.5% on all the card is ... so unhealthy.

Thank you

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Lets see you signed up for the Credit Cards knowing they were going to charge you the 21.5%

You Maxed out your Credit Cards knowing you were going to be charged the 21.5%

you don't need a new loan to pay for the credit card debt you already have.  

Google Dave Ramsey and the 7 Baby Steps,  maybe get one of his books while you are at it.

And start reading

you got yourself in a deep hole and need to dig your way out.  The 7 baby steps work.

Good Luck

Reply by
sikachu

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You're right. This was actually leftover from the time when I got 0% promotional APR though ... I carried the balance, then just realized that I'm now in the deeeep trouble.

Thank you for the tip. I guess I just need to fix this by myself without trying to get the personal loan. I'll go read that and try to follow his suggestion.

Top Contributor
1776 Contributions
3024 People Helped

Lets see you signed up for the Credit Cards knowing they were going to charge you the 21.5%

You Maxed out your Credit Cards knowing you were going to be charged the 21.5%

you don't need a new loan to pay for the credit card debt you already have.  

Google Dave Ramsey and the 7 Baby Steps,  maybe get one of his books while you are at it.

And start reading

you got yourself in a deep hole and need to dig your way out.  The 7 baby steps work.

Good Luck

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