Are loan consolidations a good idea to accompany a... - Other Questions

ADVERTISING DISCLOSURE

ADVERTISING DISCLOSURE:
Credit-Land.com is an independent, advertising-supported web site. Credit-Land.com receives compensation from most credit card issuers whose offers appear on our site. Compensation from our advertising partners impacts how and where their products appear on our site, including, for example, the order in which they may appear within review lists. Credit-Land.com has not reviewed all available credit card offers in the marketplace.

Credit Card Applications » Questions » User Questions » Other » Are loan consolidations a good idea to accompany a car loan?

Are loan consolidations a good idea to accompany a car loan?

Answered on

This can be a good idea if your loans have several payments due at different days of the month. By consolidating your loans you can raise your credit score and lower your monthly payments. If you want to consolidate your loans by applying for a balance transfer credit card, you should have at least fair credit. Otherwise you won’t be able to apply for a credit card with 0% introductory APR. Also, if your credit is bad, you may not be able to consolidate your all your loans at once. You may want to work with your loans without consolidation. Try to make all due minimum payments with all your lenders on time without skipping them. That will help you improve your credit and qualify for a credit card or a loan on better terms.

Disclaimer: This editorial content is not provided or commissioned by the credit card issuer(s). Opinions expressed here are the author's alone, not those of the credit card issuer(s), and have not been reviewed, approved or otherwise endorsed by the credit card issuer(s). Reasonable efforts are made to present accurate information, however all information is presented without warranty. Consult a card's issuing bank for the terms & conditions.
All rates and fees, and other terms and conditions of the products mentioned in this article/post are actual as of the last update date but are subject to change. See the current products' Terms & Conditions on the issuing banks' websites.
Get the latest news, articles and expert advice delivered to your inbox. It's FREE.
We'll match all the Miles you've earned at the end of your first year. For example, if you earn 30,000 Miles, you get 60,000 Miles.
For Excellent, Good Credit
Earn 5% cash back at different places each quarter like gas stations, grocery stores, restaurants, Amazon.com, or wholesale clubs up to the quarterly maximum each time you activate.
For Excellent, Good Credit
Our application is quick and easy with instant pre-qualification available
For Fair / Good Credit

Other Questions in
Other