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Debt Consolidation, Credit Score
Hi folks, I recently had to go for a personal loan and I had great difficulty to prove my pay back capacity. The first and foremost thing the banks and financial institutions asked for is the credit report, I was so worried that I was told that the more and more credit reports seen by different financial institutions will result in the reduction of the credit score. For gaining a good credit score, I had gone through a lot of hardship and losing in no time was a nightmare for me. I was so confused that I browsed for information on credit scores and the facts related to it, to my surprise I found out that if the credit inquiries for a loan is made in a shorter span the system ignores how many ever inquiries made within a month prior to the day of the credit score computation. I also found that a credit score rating is unaffected if multiple inquiries are made within a 14 day period and it was considered as a single inquiry. Also I read lot of articles related to ways of getting free credit report, how to boost the credit score and also how to get a clean credit report and its importance while getting a loan etc. The website http://www.cashguru.info offers excellent info on getting a better credit score.

Blog Url: http://denver.yourhub.com/~DebtConsolidation

Debt consolidation, credit score
Contributed by: narcie naran   on 6/24/2007

Hi folks, I recently had to go for a personal loan and I had great difficulty to prove my pay back capacity. The first and foremost thing the banks and financial institutions asked for is the credit report, I was so worried that I was told that the more and more credit reports seen by different financial institutions will result in the reduction of the credit score. For gaining a good credit score, I had gone through a lot of hardship and losing in no time was a nightmare for me. I was so confused that I browsed for information on credit scores and the facts related to it, to my surprise I found out that if the credit inquiries for a loan is made in a shorter span the system ignores how many ever inquiries made within a month prior to the day of the credit score computation. I also found that a credit score rating is unaffected if multiple inquiries are made within a 14 day period and it was considered as a single inquiry. Also I read lot of articles related to ways of getting free credit report, how to boost the credit score and also how to get a clean credit report and its importance while getting a loan etc. The website http://www.cashguru.info offers excellent info on getting a better credit score.


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Submitted By: Amir Q
posted on 1/8/2009 @ 9:49:22 PM
Rated Blog Entry
I prefer debt consolidation to secure a lower interest rate, secure a fixed interest rate or for the convenience of servicing only one loan. If you are like me and perhaps the rest of "Average America," you are feeling the pressures of financial debt. From payday loans to revolving credit card accounts, America has become addicted to debt. Each has their own advantages and disadvantages which are worth considering before choosing to consolidate your own debts. You can read more in the article posted on the payday loans blog at personalmoneystore.com.
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narcie naran

geneva , FL

narcie naran has posted 1 blog entry and 0 comments since joining on 6/19/2007. narcie naran 's average blog rating is 4.
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