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anytime you consolidate your bills or get a loan to pay them all off together it shows a down side- but if the clean sweep loan is cleared it will come off your credit history after 7 years from closeing the loan
try paying bigger chunks off one card to get interest rates down and cut the card-then start clearing another. you can also talk to the loan companies of your bills and see if they will cut you some slack or lower interst rates- some will match your payments to lower them.
of course don't be using more debt while your paying the others
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∙ 16y ago
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How does it affect your credit if you pay a personal loan off early?
It doesn't hurt your credit to pay off a loan early.
Does requesting multiple Credit reports affect a persons credit rating Shopping property loans for son and will co-sign. Is credit score affected if approaching various vendors for loan?
Credit inquires do hurt credit, but if it's for shopping around for the same type of loan it won't hurt as bad.
Does being denied a car loan lower your credit score?
yes, when you apply for an auto loan and get denied, it will hurt your credit. first, just applying for credit is a hard hit by 2 to 5 point lost.
What are the requirements for receiving a loan at Anchor Bank?
"There are two types of loans at Anchor Bank, two way sweep and one way sweep. The two moves between business checking and line. One way sweep moves your money from a line of credit to a business checking account."
Is there a difference between a balance on a credit card or a loan from a financial institution in terms of credit history and credit rating?
AnswerDo you mean does a loan balance impact your personal credit differently than a credit card balance? Your rating and score are both contingent upon your pay history. The loan company is irrelavent.will a deliquent credit card hurt my other creditors or ruin my credit history
Does an auto loan rewrite hurt your credit?
I think yes....the auto loan rewrite can hurt your credit
How does it affect your credit if you pay a personal loan off early?
It doesn't hurt your credit to pay off a loan early.
If you have a car returned to the bank will it hurt your husband's credit if he is not on the title or loan?
No
Does requesting multiple Credit reports affect a persons credit rating Shopping property loans for son and will co-sign. Is credit score affected if approaching various vendors for loan?
Credit inquires do hurt credit, but if it's for shopping around for the same type of loan it won't hurt as bad.
I need a house loan, but how can I be approved with my bad credit score?
At the present getting loan with bad credit is hard. You will need to take some steps to clean up your credit first.
If you have paid on time and would like to get rid of your car will this hurt your credit?
will this hurt my credit?": only if the is a balance due after the lender sells it(likely) and you co-signed the loan.
Would it hurt your credit if you took your car back that you still have a loan on?
Absolutely yes.
If you did not sign the promissory note but you did sign the deed of trust and if the property is foreclosed upon will it hurt your credit rating?
Anytime you default on a loan, it will hurt your credit. If there is no public record that you owe the money, it will not hurt you publicly.
Does being denied a car loan lower your credit score?
yes, when you apply for an auto loan and get denied, it will hurt your credit. first, just applying for credit is a hard hit by 2 to 5 point lost.
Will your husbends credit be hurt from your past student loan even if you weren't married?
No. Credit obtained as an individual does not affect a future spouse.
What are the requirements for receiving a loan at Anchor Bank?
"There are two types of loans at Anchor Bank, two way sweep and one way sweep. The two moves between business checking and line. One way sweep moves your money from a line of credit to a business checking account."
What will rise my credit score?
A credit card, a small loan, do not take a big loan out your time cause it will take time to pay it back an if u miss one payment it will hurt I done that on my first loan and it almost messed me up
