Personal Loan vs Credit card vs Line of credit which should I get?
showmethepaper
Forumite 3 Posts
Ok so here is the scenario I have a 665 Equifax Score and a 660 Transunion score I have one collection on my account for $297 that has a last payment(activity) date of 2013/04 which means it should be coming off at the end of april 2019.
I have only 1 secured capital one credit card for $300 I have used that to rebuild my credit from 520 to 665+ in the last 6 months.
6 months ago I applied for a Canadian Tire triangle rewards CC and got denied because my score was too low I have a decent paying full time job and make around $20.00 an hour (36-42k annually)
Im looking for either a Personal Loan, Line of Credit or a Credit card.
The reason I need these products is because I want to help my father pay off some of his outstanding debts such as credit card taxes and bills + I also want to put a down payment on a new vehicle possibly. Dad has about 5k in CC debt and 10k in City Tax debt + behind 1 payment on mortage of $800.
out of a PL,LOC or CC which is the best option for me?
P.S dont have to pay all those debts I mentioned above at once might but 2500 on CC and work out payment plan for taxes so Im looking for a 5-20k loan or LOC or CC with that limit
I have only 1 secured capital one credit card for $300 I have used that to rebuild my credit from 520 to 665+ in the last 6 months.
6 months ago I applied for a Canadian Tire triangle rewards CC and got denied because my score was too low I have a decent paying full time job and make around $20.00 an hour (36-42k annually)
Im looking for either a Personal Loan, Line of Credit or a Credit card.
The reason I need these products is because I want to help my father pay off some of his outstanding debts such as credit card taxes and bills + I also want to put a down payment on a new vehicle possibly. Dad has about 5k in CC debt and 10k in City Tax debt + behind 1 payment on mortage of $800.
out of a PL,LOC or CC which is the best option for me?
P.S dont have to pay all those debts I mentioned above at once might but 2500 on CC and work out payment plan for taxes so Im looking for a 5-20k loan or LOC or CC with that limit
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What country are you in, I’m guessing the USA, or Canada ?
both lovely countries, lucky you, but this site is UK based, and we cannot really comment constructively as the systems are so different to over here.
I am sorry we can’t be of much use to you.
More than a third of IVA`s fail....fact.
Could A Debt Relief Order help you ?
Never pay a fee for a Debt Management Plan.
For free non-judgemental debt advice, contact either : Stepchange, National Debtline, or CitizensAdviceBureaux.