Early this month I consolidated three cards into a loan, so now I have one card (Around 50%), one consolidated loan ($5200) and a car loan (Also refinanced this month) Wonder how that will affect my score from what I have below. Hopefully the letters will help (Fingers crossed as I wait for the return receipt)... GT
A friend of mine consolidated her CC's into a loan and her score jumped about 80 points, her total CC debt was $17000 and she got a loan for $15000 so she could keep one card with a $2000 balance. I *think* her total CC limits were $20000. Good luck! KHM
Holy Macho! If my score jumps 80 points I'll be doing the happy dance. Guess I'll check my credit report after the 30 days and see what the score is. GT
Yes - Community Credit Union here in Dallas. Here's the interesting part. I applied to open a checking/savings account on Dec 28th (That's where I got the Equifax score). That was a Friday, on Monday the 31st I applied to have my car refinanced, then on Wed. Jan 2, I applied to have the loan consolidation. I had to prove my income but otherwise I had no problems. Definitely I would go for a credit union if you can... GT
