Getting A Home Loan With Bad Credit

Getting A Home Loan With Bad Credit Everybody wants to be able to get a house one day, and in many cases it can actually be cheaper than renting. So why should bad credit stop someone from getting the necessary mortgage to be able to buy...

Why You Should Avoid Consolidating Your Credit Card Accounts



Why You Should Avoid Consolidating Your Credit Card Accounts

If you have five credit credit cards with small balances, it may seem like a good idea to consolidate them all into one single credit card account. After all, you'll have a smaller quantity of cards to manage and your interest rate might even improve. So why shouldn't do this?

The credit reporting agencies would much rather see five small balance cards than one high balance account. It might be easier for you to manage a single account but your credit score will very likely take a ding if you choose to do this.

A word to the wise... since getting a car loan, and any loan for that matter, is based on your credit score, it's important to manage everything that might affect that score negatively.

Recommended Reading:
37 Days to Clean Credit is a "well-written and very effective course - one of the most popular self-help guides in the credit repair genre these days!"
       - Bad Credit Auto Loans Blog
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