Advice on paying down
Hey everybody I’ve racked up about 30k in debt, everything is credit cards except one personal loan of 5k. I’ve been having late payments recently because I’m in between jobs and I’m really tempted to get a settlement loan of 30k with like a minimum payment of 550 a month at like 7% interest…Been getting all kinds of crappy offers like that in the mail and over the phone. I wont be paid my first check until the 17th of this month but my new job is salaried at 45k a year so I was wondering should I snowball my debt or take the loan? My credit score will definitely take more hits before I’m actually able to start snowballing it down but I feel like maybe if I take a big dumb personal loan it will hurt my credit more…I’m only 25 years old so I’m not too worried about it dipping I know I’ll have time and opportunity to bring it back up. Just curious what anyone who’s been in this position might recommend me to do!!