Debt consolidation before applying for a loan

Date: Fri, 09/15/2006 - 19:13

Submitted by anonymous
on Fri, 09/15/2006 - 19:13

Posts: 202330 Credits: [Donate]

Total Replies: 1

My wife and I have a combined 34K plus or minus in credit card debt and were told by a mortgage people that our best option to buy a home is to consolidate that debt prior to applying for a loan, and that is what we would like to do.

Thanks for your time
Dave

Certainly Dave... credit ratings improve after the debts are sho

Certainly Dave... credit ratings improve after the debts are shown as 'paid' in the credit file. The most important factor that boosts up the credit is to make full and timely payments. Consolidation helps when you want to have affordable monthly payments and lower interest rates with your credit companies.

Read this article and find out some helpful debt solution tips for you.

http://www.debtconsolidationcare.com/debt-solution.html

lrhall41

Submitted by GunsNroses on Sat, 09/16/2006 - 12:43

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