PostHeaderIcon Applying For A Personal Debt Consolidation Loan: The Impact Of Your Credit Score


 Powered by Max Banner Ads 

Applying For A Personal Debt Consolidation Loan: The Impact Of Your Credit Score


Free Online Articles Directory




Why Submit Articles?
Top Authors
Top Articles
FAQ
ABAnswers

Publish Article

0 && $.browser.msie ) {
var ie_version = parseInt($.browser.version);
if(ie_version Login


Login via


Register
Hello
My Home
Sign Out

Email

Password


Remember me?
Lost Password?

Home Page > Finance > Applying For A Personal Debt Consolidation Loan: The Impact Of Your Credit Score

]]>

Applying For A Personal Debt Consolidation Loan: The Impact Of Your Credit Score

Edit Article |

Posted: Mar 18, 2007 |Comments: 0
|



Introduction

You may have reached a juncture in your life at which you’ve found yourself dealing with ever mounting and more unmanageable debt. You do feel that your debt has become completely out of control. You may be looking for solutions through which you can restore some order to your finances. As you go about looking for solutions regarding you debt problem, you likely have come up with many questions along the way. For example, you may have a number of questions about your personal debt consolidation loan options. In this regard, you may be wondering both how your credit score will affect your ability to obtain a personal debt consolidation loan and how your credit score might be improved if you can obtain a personal debt consolidation loan.

Through this article you will be provided with an overview of how a personal debt consolidation loan works. You will be presented with information about how a personal debt consolidation loan is impacted by your credit score and, conversely, how a personal debt consolidation loan can impact your credit score.

The Impact of Your Credit Score on Qualifying for a Personal Debt Consolidation Loan

The status of your credit score largely will dictate what type of personal debt consolidation loan you may be able to qualify for in the first instance:

– a low interest personal debt consolidation loan

– a bad credit personal debt consolidation loan

If you maintain a good or excellent credit score (even though you may be a bit overextended as far as your debt and finances are concerned) you should be able to find a lender that deals in low interest personal debt consolidation loan options and opportunities that will be willing to work with you.

On the other hand, if your credit score has fallen from the good or excellent zones, there are lenders developing personal debt consolidation loan options for consumers who have started to have difficulties with their credit scores.

The Impact of a Personal Debt Consolidation Loan on Your Credit Score

If you do apply for, qualify for and obtain a personal debt consolidation loan, you actually will have taken a step that will have you on a course towards improving your credit score and towards cleaning up your credit history. With a personal debt consolidation loan, you will be able to pay off past due accounts. Provided that you make payment on your personal debt consolidation loan in a timely manner, you credit score will improve a bit each and every month. Over time, you will end up with a much improved credit score and a more admirable credit history. As a result, more and more doors will open to you in the future when it comes to matters like finding reasonably priced home mortgage financing or when it comes to purchasing a car without having to spend an arm and a leg an the interest attached to an automobile loan.

Retrieved from “http://www.articlesbase.com/finance-articles/applying-for-a-personal-debt-consolidation-loan-the-impact-of-your-credit-score-117833.html

(ArticlesBase SC #117833)

Liked this article? Click here to publish it on your website or blog, it’s free and easy!

Thomas Erikson -
About the Author:

Thomas Erikson is co-founder of http://www.your-debt-consolidation-loan.com which provides debt consolidation information and solutions. Find out how you can effectively get your finances under control with a Personal Debt Consolidation Loan.

]]>
Questions and Answers

Ask our experts your Finance related questions here…

Ask

200 Characters left

I am 62 years old ,retired and a home owner with home owners insurane. Can I apply for a reverse mortgage loan or any other debt consolidation loan
Does debt consolidation help your credit ?
I looked up my credit score on free credit report.com and my credit score was above 640. So I decided to go to the bank and get a loan on a house but the mortgage specialist could not see my credit sc

Rate this Article

1
2
3
4
5

vote(s)
0 vote(s)

Feedback
RSS
Print
Email
Re-Publish

Source:  http://www.articlesbase.com/finance-articles/applying-for-a-personal-debt-consolidation-loan-the-impact-of-your-credit-score-117833.html

Article Tags:
personal debt consolidation loan, debt consolidation loan, debt consolidation

Related Videos

Related Articles

Latest Finance Articles
More from Thomas Erikson


How to Repay Student Loans – Part 19

How to reduce student loans quickly – How do I go about consolidating my student loan? (01:27)


How to Repay Student Loans – Part 18

How to reduce student loans quickly – Are all student loans eligible for consolidation? (01:03)


How to Repay Student Loans – Part 17

How to reduce student loans quickly – When should I consolidate my student loans? (02:05)


How to Repay Student Loans – Part 20

After I have submitted my consolidation application do I continue to pay my current loans? (00:32)


Tips on How to Lower your Debt

Learn more at http://www.SaberHacer.com – Are you facing a growing stack of bills? Dodging calls from creditors? These are some warning signs that may indicate a debt crisis. Financial counselors share debt management tips. (06:11)

Personal Debt Consolidation Loan – be Clear Off Debts Smoothly

Personal debt consolidation loan enable you in paying off all debts and then the debt amount is to be paid as a singe reduced monthly amount. Bad credit never comes in the way of the loan which is available in secured or unsecured options. Read the article for more.

By:
Alex Jonnesl

Finance>
Loansl
Sep 12, 2007

Debt Consolidation Loan – Legitimate Steps For Debt Relief

Step One – Be honest about your debts First of all you need to look at your financial situation and see how bad it really is. If you find that you are currently only making minimum repayments on the money you owe because you cant afford to pay off more then a debt consolidation loan may be your only answer before things get worse.

By:
Conrad Corwinl

Finance>
Debt Consolidationl
Sep 02, 2010

Consolidate Mortgaze: Combine Several Loans Into One

Have you taken loans that you are unable to pay off? If your mortgages are giving you nightmares then why not consolidate your mortgages? By consolidating mortgage you can easily merge all your existing debts into a single debt with very low interest rate compared to your existing debts.

By:
Steve c clarkl

Finance>
Loansl
Aug 23, 2007

Credit Card Debt Consolidation and How To Eliminate Debt

Credit card debt is destroying many Americans’ financial lives. Credit card
sharks continue devouring us with outlandish interest rates of up to 24%. Credit
card debt levels are particularly high among joint filers, high-income debtors,
elderly debtors and debtors with no listed medical debts. They tend to be lower
among low- to moderate-income debtors, female debtors, debtors under the age of
35 and debtors with very high medical debts.

By:
Debt Consolidationl

Finance>
Debt Consolidationl
Apr 11, 2009
lViews: 361

Consolidate Credit Card Debts – Tips To Find The Best Debt Consolidation Loan

The Internet makes it very easy to compare different debt consolidation loans to find the right one for your needs, and whether you are looking or a secured or an unsecured consolidation loan there are a number of factors that you should check or compare.

By:
Chester Fraizerl

Finance>
Debt Consolidationl
Sep 03, 2010

Personal Debt Consolidation Loan: Access to a Debt-free Life

Personal debt consolidation loan is financial provision which helps get out of debt trap. There are many loan providers working for this. However, online debt consolidation loan dealing is preferred these days.

By:
Alex Jonnesl

Finance>
Loansl
Dec 03, 2007

Consolidation Loans – Single Loan Against Multiple Loans

Multiple loans can put a major dent on your finances. Rearrange your funds and bring your finances back on track with consolidation loans.

By:
Ericl

Finance>
Loansl
Feb 21, 2007

Debt Consolidation Loans: – Combine your multiple debts into a single loan

Instead of giving different loan installments to different lenders, debt consolidation is a good mode through you can manage your multiple debts into a single debt. Like this, it becomes easy for the debtors to pay a single debt.

By:
Harry Takerl

Finance>
Loansl
Jul 02, 2010

Farm Ownership Loans (Direct and Guaranteed)

These loans are of two types: Direct and Guaranteed.

By:
ZacDohertl
Financel
Feb 06, 2011

David Bach

He has published nine different bestselling books on financial matters including The Automatic Millionaire and the Finish Rich series of books.

By:
TeeceGol
Financel
Feb 06, 2011

30 12 months Home Loans

It was the primary collection of most debtors, because for the reason that total payments are spread over an extended period of time with the rate of interest set for the entire time of the mortgage. 30 yr home loan charges are an industry usual but is it the fitting selection for you?

By:
ToddKounickl
Financel
Feb 06, 2011

Get Advice from Qualified Financial Planners Who User Retirement Planning Tools

Being financially stable even after you retire is more important than it first seems. With the many economic challenges that we are all facing these days, it is very important that everyone starts minding how much money they put in for their retirement funds.

By:
Jared D. Ingraml
Financel
Feb 06, 2011

Search for Planners that use the Best Software for Retirement Planning

You’ve been having a good life now and somehow, you want it to last even after you have retired from your job. However, you are worried at the thought of not having a stable source of retirement income. If you are under such cloud of confusion, then perhaps you haven’t gone through the process of planning your retirement.

By:
Jared D. Ingraml
Financel
Feb 06, 2011

How to Fully Utilize Free Planning Calculators Online

You may have heard of the existence of a retirement planning calculator but you did not take time to try it out just because you thought it sounded complicated or you simply don’t find the need to do so. But at the time when you want to carefully plan out your future, including your retirement plans, using this tool can be really handy.

By:
Jared D. Ingraml
Financel
Feb 06, 2011

Retirement Planning Advice — Obtain Advice from Qualified Advisors

It is a known actuality that the world economics is going through a rocky road these days. And because of that, more people are finally being awakened to the fact that sooner or later, they’d have to start getting retirement planning advice.

By:
Jared D. Ingraml
Financel
Feb 06, 2011

Early retirement planning – You Don’t Have to Retire Old This Year

Technically speaking, the later you retire, the more you get from your retirement benefits. This might be true from usual retirement fund providers like the social security and other pension providers. But still, you would not want to work up until you reach the age of 65 or 70, do you?

By:
Jared D. Ingraml
Financel
Feb 06, 2011

A Debt Consolidation Loan – A Well Known Way To Cover Short Term Expenses

We have all been faced with unexpected and short term expenses at different times in our lives. Most of us resort to using credit cards or other forms of credit unless we have savings that we can access. Unfortunately, when we increase our credit card spending we also increase our…

By:
Thomas Eriksonl
Financel
May 27, 2008

Bring Order To Your Finances With A Personal Debt Consolidation Loan

There comes a time in your life when you will find that you are caught neck deep in debt. Look at all the cash you can easily borrow and spend – there are credit cards for the asking, personal loans, home loans, you ask for it and the money is…

By:
Thomas Eriksonl
Financel
Jul 20, 2007

Manage Your Finances – Get A Low Debt Consolidation Loan Rate

No one wants to see their family hurt by their own mistakes and parents in particular, tend to do everything to avoid causing their children grief. Unfortunately, when debt spirals out of control and the monthly payments become increasingly difficult to make, radical measures are often considered. However, rather than…

By:
Thomas Eriksonl
Financel
Jul 20, 2007

Make A Move You Can Be Proud Of And Get A Debt Consolidation Loan

One of the often ignored side-effects of being in debt over your head is paralysis – the inability to take action to change your circumstances. Most people struggle on trying to make the many monthly payments they are responsible for and are unaware that a debt consolidation loan could be…

By:
Thomas Eriksonl
Financel
Jul 18, 2007

Unsecured Debt Consolidation Loan: The Smart Way To Get Rid Of Credit Card Debt

If you’re drowning in credit card debt, an unsecured debt consolidation loan could be the lifeline you’re looking for. Vacation spending, emergency spending, even essential items that we can’t pay for in cash, can cause our credit card balances to skyrocket. The problem is, if our income doesn’t meet our…

By:
Thomas Eriksonl
Financel
Jul 18, 2007

Has Debt Got You Stressed? A Low Interest Debt Consolidation Loan Can Help

Stress is a very negative thing. It can affect your moods as well as your physical health. A stressed out person is one that cannot focus on the things that are important and inevitably end up doing a poor job of living every day life. Relief from this stress is…

By:
Thomas Eriksonl
Financel
Jul 13, 2007

Tips On How To Consolidate Bills So You Can Maintain Family Life And Get Rid Of Credit Card Debt

You may have been told that debt consolidation loans are a cure all for all debt problems. You may have been led to believe that taking out a single loan to pay off all of your debt is the answer. This is not always the case, however, because not all…

By:
Thomas Eriksonl
Financel
Jul 13, 2007

Debt Consolidation Loan Online: A Convenient Course To Take

Many people in this day and age are facing troubling financial situations. If you are dealing with such a situation, you may be wondering what types of options are available to you today. You may be considering what steps you can take to bring a better sense of…

By:
Thomas Eriksonl
Financel
Jul 11, 2007

Add new Comment

Your Name: *

Your Email:

Comment Body: *

 

Verification code:*

* Required fields

Submit

Your Articles Here
It’s Free and easy

Sign Up Today

Author Navigation

My Home
Publish Article
View/Edit Articles
View/Edit Q&A
Edit your Account
Manage Authors
Statistics Page
Personal RSS Builder
My Home
Edit your Account
Update Profile
View/Edit Q&A
Publish Article
Author Box


Thomas Erikson has 132 articles online

Contact Author

Subscribe to RSS

Print article

Send to friend

Re-Publish article

Articles Categories
All Categories

Advertising
Arts & Entertainment
Automotive
Beauty
Business
Careers
Computers
Education
Finance
Food and Beverage
Health
Hobbies
Home and Family
Home Improvement
Internet
Law
Marketing
News and Society
Relationships
Self Improvement
Shopping
Spirituality
Sports and Fitness
Technology
Travel
Writing

Finance

Accounting
Banking
Credit
Currency Trading
Day Trading
Debt Consolidation
Insurance
Investing
Loans
Mortgage
Personal Finance
Real Estate
Taxes
Wealth Building

]]>

Need Help?
Contact Us
FAQ
Submit Articles
Editorial Guidelines
Blog

Site Links
Recent Articles
Top Authors
Top Articles
Find Articles
Site Map
Mobile Version

Webmasters
RSS Builder
RSS
Link to Us

Business Info
Advertising

Use of this web site constitutes acceptance of the Terms Of Use and Privacy Policy | User published content is licensed under a Creative Commons License.
Copyright © 2005-2011 Free Articles by ArticlesBase.com, All rights reserved.

Thomas Erikson is co-founder of http://www.your-debt-consolidation-loan.com which provides debt consolidation information and solutions. Find out how you can effectively get your finances under control with a Personal Debt Consolidation Loan.

Leave a Reply

Powered by Yahoo! Answers