Apr
23
2009
How Debt Consolidation Affects Credit Score
Posted by: in Mortgage Loans News, tags: Credit Card, Credit Rating, Credit Score, Credit Transaction, Debt Consolidation, Debt Instrument, Excerpt, Installments, Loan Mortgage, Mortgage Loan, News Sources, Personal Loan, Right TimeNews Sources wrote an interesting post today on
Here’s a quick excerpt
Credit score gets affected by every single credit transaction you do. Yes its right, even if you apply for credit card, personal loan, mortgage loan or try any debt instrument, your credit score gets affected. Even if you pay your installments or dues on right time then also your credit score gets affected. In short you can say that your credit rating gets updated with any kind of transaction you do, if you dont pay your dues on time then you get bad rating and if you pay as per schedule then yo
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