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A refiannce loan will not affect your credit rating. Debt consolidation loans will and you will want to stay away from these. When refiancing, be sure that your prior loan was satisfied in full by your new lender to avoid any problems.

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Q: Does a refinance loan affect your credit rating?
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Related questions

Can you refinance and remove the co signer?

Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.Yes, if your credit rating has improved enough to get a loan approval on your own.


If you default on your pay day loan will that affect your credit?

Yes, if you default on any loan it will affect your credit rating negatively.


Will opening a new credit card affect your credit rating?

Yes. Any new credit account or loan will effect your rating.


Does applying a payday loan harm your credit score?

Applying for a Payday Loan will not affect your credit Rating. Some lenders do not need a credit check to approve a loan for you.


Do unsecured loans affect your credit rating?

An Unsecured loan can very much affect your credit rating, but it depends on whether you pay it back and keep your promise. If not, your credit rating can severely drop and you will lose trust with your provider.


Can I refinance my mortgage rate?

Currently mortagage rates are running less than 5%. If you have a good credit rating you should be able to apply for a refinance of your existing loan and get a lower rate.


Does your bad credit rating affect your children if they want a loan?

only if your cosigning


How can one get a auto loan refinance with a bad credit?

One can get an auto loan refinance with bad credit from several providers of this type of loan from such companies as, Road Loans, Get Me Car Finance and Midland Credit.


Got a home loan and gifted a percentage to sister. I now want to refinance or put on the marketShe refuses to sign anythingI can't sell or refinance. If I foreclose Will this affect her credit?

Who is on the title to the property? and who is the loan name under?


Will a private student loan that is currently deferred negatively affect your credit score?

It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.


How can one with bad credit refinance a home loan?

There are many ways one can refinance a home loan with bad credit. One can visit websites such as FHA or Mortgage Digger to get more information and apply for a loan.


Is it easy to refinance an auto loan?

Getting a refinance auto loan can be hard or easy for some people, because it depends on your credit status. If your credit score has improved since your last car purchase, you have great chance of getting approved for a refinance auto loan.