I needed money to fund the build of my community based mental wellness app. I screwed up my credit a few years ago so I could only get insanely high interest loans. The app is built, but I have no money for marketing so it’s just sitting there. I can’t save money because my loan payments take up almost half my paycheque. I tried to get my bank to do a debt consolidation loan but “my debt to income ratio is too high”. They won’t acknowledge that my debt to income ratio will drop if I consolidated my debt and had a lower interest rate? I’d happily dig myself deeper to get a loan to finance marketing and get the company off the ground, but again, DTI ratio and credit score. What do I do?
Edit: Just checked, it’s closer to $20k