0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the relationship between credit and loans?
Yes, your credit score does affect the loans you are able to receive. The better your credit score, the better of an interest rate you will get.
Do subsidized loans affect credit?
Subsidized loans will affect your credit score negatively if you are not paying them. If you are paying them, they will have a positive effect on your score.
How do loans and debt consolidation affect credit score?
If you pay your bills on time and in full each month it will help your credit score rise. If you are late on payments and have outstanding payments then your credit score will become lower. Your credit score is an important thing to help you obtain loans such as car loans or a mortgage.
What kind of credit score do I need to secure a debt loan?
Most generally, debt consolidation loans are for people who have no so good credit. You could check out www.lendersmark.com for more information.....
How can payday loans affect your credit score?
Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).
How do loans affect credit scores?
Here is an excellent guide to outline how loans might affect your credit score. http://www.moneysavingexpert.com/loans/credit-rating-credit-score It also offers a Credit Checker tool which could prove very useful.
A credit score is?
Credit score is ranges from 300 to 850. Credit is a evaluation of your credit card bills, mortgage and other loans.
What is the required credit score for a FHA loan?
660 and above credit score is required for FHA loans.
How can someone get help with the consolidation of their personal loans?
You can get help with the consolidation of your personal loans by first, getting your credit report and FICO score. If your credit score reveals that you actually score quite well and have a reasonable credit rating, you may easily be able to consolidate loans at a lower rate, especially if your credit has improved since you got the loans.
Does the VA look at a credit score for a home mortgage?
VA loans are less score sensitive than other loans. They will review your credit history though.
Will an unlawful detainer judgment affect your credit score?
Yes, an unlawful detainer judgment can negatively impact your credit score. It may appear on your credit report as a negative item, leading to a decrease in your credit score and potentially affecting your ability to secure future loans or rental accommodations.
Are car loans factored into your credit score?
yes
