So DP and I have found ourselves in a situation where we need a large ($10 -15000) amount of money to help out DPs sister in a MASSIVE emergency.
Now, we dont have that much, but are more than willing to take out a personal loan.
Problem #1 - Due to a stupid childish mistake I have a terrible credit rating. Not something i can fix in a hurry. i earn good money and can pay it back easily, but I dont think any financial institution would give me that amount.
Obviously that leaves DP. However -
Problem #2 - DP has an absolutely flawless credit rating. Pays every bill on time, always pays her gocard before the interest hits etc. So I think she has a good chance of being approved. However we are in the process of applying for a homeloan atm in her name, and I dont think applying for a personal loan of that size will help.
So if DP applies for the loan, the bank we're applying for a homeloan through will see that and think well, huh? And say no.
The other option is to try and find a financial institutuon that will loan to people with bad credit, but i think that option is nonexistant.
So what would you do?
1.Apply everywhere and anywhere in the hopes that someone approves me, and quickly?
2. Apply in DPs name and i dont know, cross my fingers that the bank doesn't notice?
P.S I honestly have no choice. DPs nephew was born at 28 weeks last week, and obviously needs extra medical care, and DPs sister needs accommodation etc plus rent and everything paid while she is interstate. i know there are charities that could help, but that takes time, and he needs this care and specialists etc now.
I just want to cry. In a hole.
We are supposed to be excited about our nephew. Now we have to figure out a way to keep him and his mother alive. This isnt how its supposed to be.