negatively » Mortgage and Insurance

Will Consolidating my student loans affect my credit score?

Jun 232010

I asked this in the general credit forum but maybe it would be easier addressed here since no one seemed to have an answer there.

I have 2 student loans which are in good standing, always paid on time I have never been late. I recently received an offer to consolidate them which would get me a lower interest rate and lower monthly payments. My question is will this negatively impact my credit rating? I have no problem paying them as they are now but it seems to make sense to take the lower interest rate and smaller payments if it will not be detrimental to my credit. I am looking to buy a house by the end of the year and I don’t want to do anything that will lower my score.

Thanks

June 23, 2010
Posted by jedwan at 12:36 pm
No Responses
Student Loans
always-paid, credit, credit-forum, credit-rating, good-standing, lower, lower-interest, negatively, paid-on-time, problem-paying, score, Student Loans, take-the-lower, the-general

Do the credit checks that Geico and other auto insurance companies do for rate quotes negatively impact credit?

Feb 222010

Are the credit checks that auto insurance companies do “hard pulls” or “soft pulls?”

February 22, 2010
Posted by jedwan at 10:22 pm
3 Responses
Auto insurance
auto, auto insurance companies, auto quotes, checks, companies, credit, credit checks, credit insurance, Geico, geico insurance, Impact, impact credit, insurance, insurance quotes, insurance rate, negatively, quotes, Rate, rate quotes

Will this method correctly remove a Macy’s Account that is negatively affecting my credit score??

Feb 212010

In 2006 I moved and thought I paid off my Macy’s credit card. I ended up finding out 9 months later that I had 8 delinquent payments and wracked over $300 in late fees. I paid off the account with a collections agency; however, this is the ONLY account showing up negatively affecting my credit score.

I have successfuly rebuilt my credit score from a 520 in 2006 to a healthier 695 as of January 2010. I have tried disputing, but have been unsuccessful. I was thinking about applying for a Macy’s Credit Card and establishing a brand new track record with them, but I am unsure if both accounts will show or just the brand new one???

Does anyone know if Macy’s would stop reporting old account for the new one? Or will both accounts show up??

February 21, 2010
Posted by jedwan at 2:37 pm
No Responses
Credit Cards
9 months, account, affecting, brand new, collections agency, correctly, credit, Credit Card, Credit Score, delinquent payments, late fees, macy, macys, method, negatively, new-accounts, remove, score, this.

Merchant’s Credit Guide Old Debt Collection?

Jan 292010

I received a letter in the mail from a company called Merchant’s Credit Guide demanding payment on an old credit card balance (under $1,000) from literally… the 1990′s.Â

If I do not pay, can they report this negatively on my credit report?Â It says if I do not dispute the debt in 30 days they will assume it is valid?Â I do not want to contact these people. I just got my credit score up to 737 which I think is pretty good.Â

What should I do?

merchant debt collectors anderson sc

January 29, 2010
Posted by admin at 5:27 am
No Responses
Rebuilding Credit
737-which, credit, credit card balance, credit debt, Credit Score, credit-guide, credit-report, debt, debt-collection, letter in the mail, merchant, negatively, old-credit, the-1990, will-assume

Mortgage and Insurance

Will Consolidating my student loans affect my credit score?

Do the credit checks that Geico and other auto insurance companies do for rate quotes negatively impact credit?

Will this method correctly remove a Macy’s Account that is negatively affecting my credit score??

Merchant’s Credit Guide Old Debt Collection?

Categories

Archives

Links

Meta