Yes, I am doubtful on the loan

But thought I would give it a try since it would lower my interest rate. All checks to the credit card companies would include a letter to close the accounts, and the cards are already destroyed.

As far as my credit, I think it is pretty much already ruined. The late payments started in spring of 2003, and I have been struggling to get caught up. Some of the cards already went to collection, and frankly, those are much easier to deal with since they stopped the interest and late fees.

It’s the cards that keep charging the fees and then expecting me to make a minimum payment greater than a week’s paycheck, as if I have that money just sitting here. They won’t work with me to make the payments reasonable, and they won’t give up on me and send it to a collection agency. It’s those two bills that are killing me. The worst one has increased my balance by over $800 in the last 10 months.

I have made several payments, and I haven’t used the card since a couple years ago; yet the only way to stop the penalty fees is to pay a minimum payment of over $1000. Not gonna happen.

I don’t think you can get a loan

I don’t think you can get a loan (I’m 99.9% sure) without collateral or a co-signer. At least not from a private bank.

Also, you are going to more or less ruin your credit with all the late payments etc. so if you do get a loan CLOSE THOSE ACCOUNTS!!!

I think it would be too tempting to spend again. Good luck!