Remove Debt Consolidation Remove Foreclosure Remove Loans Remove Personal loans
article thumbnail

The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

article thumbnail

The Best Debt Consolidation Loans

Better Credit Blog

Even just one outstanding debt is a headache that can drag down your credit rating and make it tough to get a loan for a home or a car. Having several outstanding loans is even worse, as it can be difficult to keep track of payments and due dates, which makes it easier to miss a payment and thus damage your score even further.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

8 Ways to Consolidate Credit Card Debt 

Credit Corp

Debt consolidation allows you to take multiple debts and combine them into one, and you can do this with your credit card debt. Doing this makes managing the debt a little easier, and you may be able to get a lower interest rate. You can go about consolidating credit card debt in a few different ways.

article thumbnail

Financial Hardship Letter: Definition, Sample, and Free Template

Credit Corp

A financial hardship letter explains an unforeseen circumstance that has made you unable to make regular payments on a loan and requests a modification to help you get back on track. Include your contact information and loan number so they can identify your account. However, this does not influence our evaluations.

article thumbnail

560 Credit Score

Better Credit Blog

If you have a 560 credit score, your approval odds for loans are low, and your credit rating is pretty poor. Can You Get a Loan Approval with a 560 Credit Score? Debt collections. Foreclosures. The issues above can hinder your access to both revolving lines of credit and installment loans. Bankruptcy.

article thumbnail

Debt After Death: 9 Things You Need to Know

Credit Corp

Mortgage Debt. Joint mortgages pass directly to co-borrowers, who become responsible for the loan. the decedent—pass to listed beneficiaries, who then become responsible for the loan. If beneficiaries can’t or won’t assume the loan, they can sell the property to settle the debt instead. Car Loan Debt.

article thumbnail

620 Credit Score

Better Credit Blog

Can You Get a Loan with a 620 Credit Score? Personal loan: Limited options. Auto loan: Limited options. Others are on the path to repairing their credit, as it takes time to recover from more severe credit occurrences like bankruptcy , foreclosures , or judgments. Can You Get a Loan with a 620 Credit Score?