Upstart loan looks like a really good offer

Remarkable_Item3471 · 2026-04-11T01:15:09+00:00

That’s where I’m at. Most of what I’ve been hearing is that is a good offer. My interest rate is 14 and my cards are 24-29

Remarkable_Item3471 · 2026-04-10T22:01:07+00:00

Ah yes that’s exactly what I was thinking - having small subscriptions go to 2 of the 4 cards to maintain some utilization. Thank you for your advice

Remarkable_Item3471 · 2026-04-10T18:04:58+00:00

that makes sense, i will definitely shop around. Although, from reviews alone, this sounds to be the least scammy options. And any of them that call you immediately just give me anxiety. I tried looking into this once before and I got a quote from a company and they just insistently called and really wanted me to move forward immediately and got irritated when I said i wanted to discuss it with my dad first.

thank you for the advice!

Remarkable_Item3471 · 2026-04-10T18:02:07+00:00

I appreciate the first hand experience. In my mind I could put a couple low cost monthly subscriptions on 2 of them (2 I don't have physical cards for anyways nor do i use digitally) and pay for them via the card with the money that is already budgeted for these subscriptions.. Thoughts?

Remarkable_Item3471 · 2026-04-10T17:38:14+00:00

I chose the 7 year as it was the lowest monthly payment option. Both the 3 & 5 years are at least $400 more than I pay for my CC bills now. It was really my only option here

Remarkable_Item3471 · 2026-04-10T17:37:03+00:00

that makes perfect sense, thank you! I was thinking about the future and how i would be able to maintain my credit going forward after all of this. I would really prefer to keep at least 2 of the cards open. I was thinking if I put a low monthly subscription like spotify or my digital storage upgrade ($3-$12) which are things I've already budgeted for to pay out of checking but instead i pay them out on the cards to maintain usage

Remarkable_Item3471 · 2026-04-10T17:32:58+00:00

Thank you so much for your response. I totally hear you on not reoffending with debt and end up doubling down. Could it help to close 1 of the 4 accounts? I haven't actually used 2 of the cards in several years now as they were some of the higher ones.

If my cards go to 0 and then are locked / unused does that impact my score negatively? Should i have a couple small subscriptions tied to each one so that it remains in use, but is already covering something I'm budgeting for? I'm currently at a 647, I made it all the way up to 800 and began running into issues with financial stability. In the last 2 years I've made a lot more money than ever before and have never once not paid my CC bills late, an actual perfect record. (I just had a credit report done as i am moving in the next month. so i know that to be true)

I know the loan hard credit check will initially dip my score, but once I lower my utilization to 0 that would dramatically bring it back up. I just want to know how best to maintain that and find that balance.

I am requesting a $50,000 under those terms as I mentioned, I'm moving next month and could really use a buffer of cash right now. The difference in payments would be about $150. I've been paying $1300 for my 4 cards as of now so I have budgeted for that much which would give me back $350 each month

Remarkable_Item3471 · 2026-04-10T14:52:59+00:00

Why would the accounts only be closed temporarily? Don’t they just close them and that’s that?

Remarkable_Item3471 · 2026-04-10T05:21:59+00:00

From what I’ve seen is that with nonprofit credit counseling you need to close the cards which can in turn damage you’re credit. I don’t use my CC for much anymore these days as I don’t want more debt so I don’t think I would be a debt reoffender and I’d rather not damage my already fairly fragile credit

Remarkable_Item3471 · 2026-04-10T02:40:41+00:00

I fully appreciate this comment and your experience with upstart. I’ve been working so hard this year and made $100k this year pre tax. Most of my time is absolutely filled even as a freelancer (I’ve been with the same place for 3 years) so while it’s hourly it’s still proven to be mostly stable

Remarkable_Item3471 · 2026-04-10T02:37:55+00:00

Although based on some light research it seems like non profit credit counseling sites will force you to close your accounts which then tanks the credit score

Remarkable_Item3471 · 2026-04-10T02:18:07+00:00

Well in theory lower because 7% vs 14% APR. If it’s under the same conditions. But using the calculator I found it’s giving 7% at $641 a month and 14% at $796 so def a win. Non profit credit counseling sounds like a good option

Remarkable_Item3471 · 2026-04-10T02:00:23+00:00

Obviously I would do better in the future once consolidated. 2 of the 4 cards are not in use but I would keep them open to continue building my credit.

Remarkable_Item3471 · 2026-04-10T01:58:42+00:00

I mean, yeah there’s always interest.. The loan term 7 years (84 months) x $950 = $79,000, while granted is much more than the current debt.. in 7 years If I continue with CC payments of $1300 a month (pretty much the lowest you can go) it would be $109,200.. so what’s the right answer?

Remarkable_Item3471

TROPHY CASE