For what it's worth, my experience / advice. Steer well clear of any rating that is not connected contractually with a job.
I can only echo the comment that there are LOTS of people out there with B737 and A320 ratings at the moment and having hours is very little help.
I was at the Flybe assessment last year and three of the four of us had over 5000 hrs mainly on 737 or similar. As far as I know, noone has been called out of the hold pool yet.
I was out of work for two years 2004 - 2006 and only got back into flying by self funding a rating (737), so I can fully understand the pressure you are under. However, to reiterate, the market looks very different now compared to three years ago. Then, I had the choice between Globespan and Excel/XL.
To be positive, there are at least a few jobs in Europe. At the moment Wizz seems to be a possibility. Otherwise, just sit on your cash and keep looking at PPJN and PPRUNE.
One last word, doing a type rating is hard at the best of times, I personally feel that coming to the end and, not having a job and having even more debt could be enough to push someone over the edge. Please do think carefully before taking this step.
Very best wishes,
KT