Iris asked:
I currently have good credit, but it’s getting overwhelming. All my money seems to go to my credit card bills and I’m thinking of consolidating my credit cards, but i just want to know if that will ruin my credit?
Will it lower my credit score?
admin Debt Management bad credit, Credit Card Consolidation, Money
Dennis asked: Credit scores are invented by a private company to sell for a profit. They are new and they are practically all anyone goes by when providing loans.
I beleive they are flawed their is nothing to do with your income. I make good money and I have more trouble getting a loan then my 19 year old nephew that is in debted to his eyeballs and has a part time job. Is this why so many loans are failing?
admin Credit Repair Money, Part Time Job, Private Company
Michelle K asked: Okay here is the deal we are roughly 40,000 in debt (just a little under). Around 20,000 is what we owe on our vehicle, and we are not planning to pay that off early (we will probably be tradiing that vehicle in soon).
That leaves around 20,000 in credit card and (student) loans debt for the two of us (husband and wife). Both of our credit scores are 680/687. We are coming into some money soon that will wipe out our debt completely (July). So this being said all of our accounts are paid on time, no negative reports or anything bad on there.
We are moving and going to be buying a house. I am wondering how long will it take for our credit scores to go up once all our debt is paid off and if anyone has any idea how much it may go up. Right now our balances versus limits are too close on our credit cards thats why our scores are so low. Other than that everything is in good standing. Thanks.
admin Credit Repair Buying A House, credit card, Money
