“When the going gets rough, the tough gets going.”
I’m pretty sure you’ve heard this line before. However, it’s not all too often that you can resonate with its meaning – especially when things get really rough and you don’t know how to summon the “tough” in you anymore. You know exactly what I’m talking about.
Yes, a four-letter word 80% of Americans struggle with (see reference). It’s like one look at this word and the cats go running. After all, it’s a reality faced not just by one or two. It’s the reality of many – so many in fact, that it would be easy for one to lose count.
You know how when you first get off school you breathe out a heavy sigh of relief? You probably want to take that big sigh back right at this moment. Life, after all, is probably not as you have imagined it to be. Back in school, all you could think about was becoming an adult. You wanted to finish fast real bad and finally earn liberation from your parents’ house. But right when you thought your life was finally going to be everything you ever wanted it to be, reality strikes.
It strikes hard and fast.
You get hired for your first job and everything was smooth sailing. Sure, you were living off a pint-sized apartment (excuse my exaggeration, it just feels that way sometimes), you had the luxury to eat all the fast food you want and not have your parents monitoring your every chew, you can get out once in a while and buy yourself a $15 glass of vodka – on the rocks, by the way – and you also get to sip a 10-dollar coffee on paydays. You just have to keep your budget tight in the next couple of days. Life isn’t so hard, right? And it’s going to get better anyway. You just need to find yourself the right partner.
And so, you marry.
Having someone to share your life burdens with is definitely a good solution to your problem. You chose someone responsible, someone who cares for you very deeply, and someone who’s not too bad on the eyes too. You definitely hit the jackpot. You are going to raise a lovely family – which is why you decided to have your first baby three months after marriage!
This is when things get bad.
Little did you know, America was surprisingly a very expensive country to live in. Check this out if you want to know more: https://www.usatoday.com/story/money/2019/04/04/what-it-actually-costs-to-live-in-americas-most-expensive-cities/37748097/. And having a baby? Goodness! They cost a fortune! But there’s no turning back and you must face life head on. It’s just a series of unfortunate events, nothing too bad. Couple months later, you’ve got 5 mortgage bills stuck on the refrigerator, your phone has been offline for three months due to unpaid balances, your kid is about to enter grade school and he needs new sneakers, you’ve got 10 cards (in total with your spouse) all denied because you’ve maxed them all out.
You are in deep, deep debt.
And it seems that no matter how much work you do, how much time you stretch out just so you could earn a little bit more, nothing happens. It’s as if you’ve been tossed and turned and you don’t know which day is which anymore. Your credit score is way below the boundary line and all your new credit applications keep getting denied. Banks and credit unions have all turned their backs on you too. Again, your “tough” is nowhere to be found in this case.
A Way Out
If this is your life, then I know that things are looking pretty grim right now. Actually, I don’t think the word “grim” perfectly describes the kind of feeling you’re having. Try “doom” or “disastrous.”
All jokes aside, we know that you’re in a very tough spot and it would seem like there’s nowhere else to go, no one else to turn too. Do not fret. This is why Debt Consolidation Loans exist.
What is it, you ask?
It’s the answer to your problems, silly. Basically, it’s a loan to pay off loans. In order to get your life back on track, you need to silence everything and everyone who is coming to get you for the money you owe. When you’re bombarded with such stress on a daily basis, it’s hard to figure out which steps to take next. With the help of debt consolidation loans for bad credit, you can clear your name from various banks and credit companies and start anew. However, it would still depend on how bad your credit score looks.
A bad score will undeniably shake lenders’ opinion of you. After all, that score embodies your habits when it comes to paying off borrowed money. If you’ve got a really bad score, it would be no surprise to have several applications denied. So first of all, you would want to improve your score as much as you can. I know that this is hard for you – especially when you’re already so deep into debt. But it is possible and you can do it if you try.
You can start by paying off small loans. You may be foregoing these payments because they’re too minor to hold any “significance” but trust me; they are significant. And paying them off little by little will at least give lenders the idea that you’re trying to do better. It shows them that you would definitely want to break free from the chains of debt given the chance.
If you’re credit score is beyond hopeless, you may still approach debt consolidation lenders with your case. You may not know this but there are lenders who really want to help you out with your situation. However, you must also understand that this is a big risk for them. They will give you the fund to pay off your existing debt but you also have to be prepared for higher interest rates (Don’t worry; it’s not a sky-high difference from a normal consolidation loan). It’s the cost of screwing up, I guess.