i’ve been looking around for an unsecured loan/line of credit to consolidate some debt, reduce interest rates and basically feel more comfortable about my financial situation. i’m not a citizen of the US(i live in cali), but well on the way of getting there (been living here 10 years now). i have a pretty decent credit history with no blemishes, but credit card balances are a bit high with one over the magic 90% mark. i have paid off a car loan. i have a good job, and i rent so I can’t get a home equity line.
it seems that some banks are not prepared to extend unsecured loans to non-citizens, some banks are not prepared to extend unsecured loans at all, and the rest want to offer small amounts at high interest rates(18-20%) which is higher than my credit card aprs (avg 11-13%).
im also considering going to graduate school fairly soon, and considering student loans to pay for it. i am not a flight risk. i have a good stable job. why is it so difficult to prove this to a bank? why is it so much easier to get a bunch of credit cards(that I dont want to use anymore)? what can I do?