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If you pay your bills on time and in full each month it will help your credit score rise. If you are late on payments and have outstanding payments then your credit score will become lower. Your credit score is an important thing to help you obtain loans such as car loans or a mortgage.
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Are consolidation loans hard to get with a credit score of 660?
Yes!
How can someone get help with the consolidation of their personal loans?
You can get help with the consolidation of your personal loans by first, getting your credit report and FICO score. If your credit score reveals that you actually score quite well and have a reasonable credit rating, you may easily be able to consolidate loans at a lower rate, especially if your credit has improved since you got the loans.
Do subsidized loans affect credit?
Subsidized loans will affect your credit score negatively if you are not paying them. If you are paying them, they will have a positive effect on your score.
How can payday loans affect your credit score?
Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).
Will school loan consolidation have any negative impact on a credit score?
Student Loan Consolidation does not appear to have a negative impact on a credit score provide you keep up with regular and on time payments, and take care of the loans as quickly as you can.
