Buying a home and consolidating debt

07-Aug-2020 14:57

It won’t prevent you from getting credit in the future, but for a time some credit products will be unavailable to you and others will come at very steep prices.Also, not all debts can be discharged in a bankruptcy. Collection accounts fall off your credit report after seven years.

buying a home and consolidating debt-6

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Some people consider credit card debt bad and mortgage or student loan debt good.

They may simplify your payment without significantly lowering your cost of debt.