Whats with banks these days?!?!

Ok, my wife and I are still fairly young, we have a 7 month old child, I'm in the military, and in debt. Between the two of us, definitely more than $10,000, which isn't much to some, but a lot to me! Anyway, I have tried several times at different banks to try and get a loan to help consolidate our debt. Guess what each one of them says? That we have too high of a debt to income ratio or we have too low of income!!! Funny thing about that is, I have good credit and don't have any late/overdue payments on my credit account! What sense does it make for banks not to try and help you out?! Instead of someone else making money off of your debt, THEY would be making money off of your debt! DUH! Not to mention, you can never talk to anyone that could make a decision and help you! They have to stay within their rules, and if you're outside of them, even by a little bit, THEY CAN'T DO ANYTHING!
I applied for a new credit card recently with a higher limit and lower interest rate through my bank recently to balance transfer some high interest debt. I applied for $3000, and what did I get? $1000! Does me no good whatsoever. I give up with banks, they aren't good for much of anything unless you have a crapload of money!

Wow! I don't know what is up with them. It looks like if you are trying to get a consolidation loan that they wouldn't count the amount you are trying to consolidate. It's a never-ending cycle.

Unfortunately, your bank doesn’t sound helpful. They should have thought that if you were in your best financial situation, you would never have asked for their help. But anyways, don’t get disheartened. There are different debt management companies who will help in your situation. See the ranking chart in this website. A dmp company will combine all your debts under one payment plan and quote lower interest rates in your pay off. I see you as a registered member in the website. A counselor in your area will be calling for the free counseling and discuss your options. Get all the account statements and other details and figure out a suitable plan with the counselor. This will be your first step towards a debt free life.

Since you are in the military,try joining one of the credit unions associated with them.They are usually a lot better to their members than banks.

Good idea Cajun. Credit unions are easier to work with. If it weren't for mine, I don't know what I would do.

I would defintately join a credit union since you are in the military they should be more than willing to help you. Good luck

ladybug