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Tag: Consolidation Loan

If I get a consolidation loan will it help or hinder me getting a home loan for a first time buyer?

by admin on Jun.24, 2008, under Loan Resource

If I get a consolidation loan will it help or hinder me getting a home loan for a first time buyer?
We have poor credit and trying to repair it; however we want to purchase a home by the end of the year. Will it adversely affect my chances of getting a home loan if we take out a consolidation loan to kick start the credit pay offs?
So if I can not get a loan, how do I pay off $7000 of dept in less than one year?
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