Have any of you ever had to get one? How awful was the process?

Due to some financial difficulties I had some medical bills go to collections. If I don’t pay off the $1600 by January 1st they’ll report it to the credit bureaus and make my credit even worse. They mentioned the option of a debt consolidation loan. If I lumped all my miscellaneous non-house debts I’d be at about $2500 or so.

The only sticky point in this plan is that if a 750 credit score is a solid A grade, my credit score is a D-.

Weigh in with your comments, advice, or mockery at my financial mismanagement in the comments below!