If you get a debt consolidation loan does it count against you when you apply for a mortgage later? - canadian consolidation loans
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Sunday, December 20, 2009
Canadian Consolidation Loans If You Get A Debt Consolidation Loan Does It Count Against You When You Apply For A Mortgage Later?
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5 comments:
Well, I'm in the U.S., but does not count against you, here is significantly reduced and your credit score is displayed in the report, which is managed by a Credit Counseling Agency. One would think he would be happy that you pay your debt, rather than declare bankruptcy, but they will count on a large scale.
Help you read my answer to the previous questons "to buy a house."
You should better explain bankruptcy!
Must be the same as all other debts. If you pay off a story to debt in the past and make their payments on time, and have good credit and sufficient income to pay, you should be able to get your mortgage.
No, if you are subsequently reported in the consolidated loan. In fact, it can be a little shows in his report to help the loan before they are charged and ready for the only time in good condition.
All outstanding debt will be a factor in the approval process. Of course, if the power is in much better shape than they were criminals.
A debt consolidation loans do not increase their total debt, if they used exclusively for the stated purpose, it should only have limited impact on the creditworthiness.
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