What are your chances of getting additional credit while still in debt consolidation?
Feb 23, 2009 in
Financial and Loan Tips
I came along I wrote a song 4u
In a debt consolidation program is it likely that you will be able to obtain additional credit?
In a debt consolidation program is it likely that you will be able to obtain additional credit?
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2 comments
Vanessa83 on February 26, 2009 at 2:29 pm
If you have been consistent with payments for 6 months or longer and have steady job earning enough income, your chances are good.
It also depends on how much credit you are paying down. Get a copy of your credit report and check your credit score before you apply.
donald e on February 28, 2009 at 7:59 am
if u go into ccc, consumer credit counseling one of the things u have signed is an agreement not to apply for any other credit, so the answer is no u shouldnt do it, depending on the program which is a form of bankruptcy and many lenders look at it this way particularly mortgage lenders they wont extend credit to you unless you come out of it and assume normal monthly payments, they could force u out of the program or refuse to work with you, the idea of a debt consolidation program is to reduce debt in a specified period of time y in the world if u couldnt handle your obligations would u even think of taking on more, how foolish.