consolidation and purchasing a house
Date: Mon, 05/22/2006 - 04:26
gnomecracker2, unpaid accounts look ugly on your credit report.
gnomecracker2, unpaid accounts look ugly on your credit report. Credit scoring models put much stress on your payment habit. Regular and timely payments can raise your score up. Consolidation ensures a regular payment, so it will help you make your credit better.
You should also discuss this issue with your counselor. Tell them that you are going to buy home. I am sure, your counselor will guide on how to proceed so that you can have the best deal.
Also check this thread to know the important steps of lifting your credit score up-
http://forums.debtcc.com/forums/credit-check.html
BTW, welcome to the board :D I am sure you will like your stay here :D Do let us know if you have any more queries.