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Personal Finance and Investing

Hugh_Lebowski

(33,643 posts)

8. Is this in relation to credit scores, or just reducing the interest you're paying?

Reply to grumpyduck (Original post)

Thu Apr 20, 2023, 10:06 PM

Apr 2023

There are (not common) possible circumstances where it won't help your score.

That sitch is unlikely to apply for people of a certain age, but for people who's credit is young, they can actually cost you points by lowering your average age of accounts.

Other than that, just use a good outfit like USAA and there's not much downside.

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Debt consolidation loans? [View all] grumpyduck Apr 2023 OP

The only stuff... 2naSalit Apr 2023 #1

The only loan you should be getting should be a known banking/financial institutions - they do Bev54 Apr 2023 #2

yes, I did my consolidation loan with the credit union that I had already been with for a number of Meadowoak Apr 2023 #4

I have in the past, if they are offering a good rate, I'd consider it. Consolidating and then Meadowoak Apr 2023 #3

I would trust USAA werdna Apr 2023 #5

Is the problem mathematical or psychological? FBaggins Apr 2023 #6

This is a math question, pretty much A HERETIC I AM Apr 2023 #7

Is this in relation to credit scores, or just reducing the interest you're paying? Hugh_Lebowski Apr 2023 #8

Check with the BBB if its some spammer or radio advertiser you've never heard of progree Apr 2023 #9

BBB is a useless as my left nut. If you research anything on BBB, go back about 10 pages to learn 3Hotdogs Apr 2023 #10

I wouldn't take a positive grade from the BBB as an all clear, everything's great sign progree Apr 2023 #12

There are credit card companies that offer 0% consolidation loans for 12 to 18 months. 3Hotdogs Apr 2023 #11