Loan Application is Lodged

After many months of procrastination I have finally completed my personal loan appliaction. I’m still not confident that it will be approved, despite the fact I have a very secure job and more than sufficient salary to meet the repayments. The loan provider wanted 3 months of credit card statements for each card. With my filing system that took a while to find.

Anyways I dropped the application in the post on my way home tonight, I told my nagger that to celebrate the end of months of procrastination I was going to get myself a bottle of expensive champagne on my credit card, she just laughed. I did too, I don’t enjoy the stuff enough to spend more than $20 on a bottle.

I haven’t come up with a Plan B in case it doesnt get approved, I have a vague idea of getting myself a wad of low interest credit cards and spreading the debt amongst them for a while, occassionaly I see advertised a 0% interest balance transfer offer but when you read the fine print the deals aren’t as good as they originally appear.

I’ve had a couple of friends offer to pay out my credit cards while I seek other finance, but I’ve taken the attitude that I got myself into this mess so I can get myself out of it. And the other issue is that misrepresenting yourself on a loan application is an act of fraud and I don’t need that stress.

On the bright side I decided to count all my loose change that had been sitting in three overflowing money boxes. I was surprised when it came to just under $700. Normally I do something fun with my loose change, but this time it will be going off the credit cards, I’ll be taking it to the bank on my next day off.

While it might seem like a nice bonus, the reality is that it’s going to cover my winter power bill and the phone bill and that’s just about it.

So I should hear something in the next couple of weeks regarding my consolidation loan application. Stay tuned and find out in the next exciting episode if I’m going to be a credit card victim for the rest of my life.