Credit Union and Debt Consolidation Loans
I'm kinda over my head with debt. I fell into a situation where I was supporting myself and my boyfriend while he finished school. Our finances are slowly improving, but I put myself into a bad debt situation because of it. I recently joined my local credit union and applied for a debt consolidation loan. My credit report, quite frankly, is a mess. How likely am I to be approved for this loan? I was considering sending a letter to the credit union explaining the situation further, do you think that would help? I have read all the pitfalls of debt consolidation, but I feel I'm really committed to this, cause the spectre of debt hanging over my head has kept me in a perpetual state of anxiety and depression. I'm determined to dig out of this hole.