How a debt consolidation loan can affect your credit score
If you have less than perfect credit and have multiple bills to pay, then the East West Mortgage Debt Consolidation Loan might be right for you. A debt consolidation loan pays off your bills and debt and consolidates it into a single loan with a single monthly payment. Coupled with our low loan rates, this loan should be easier to pay off than the payments you had before. Many of our debt consolidation borrowers have found that they are paying less per month with their debt consolidation loan than with multiple bills. Generally, our bad credit loans utilize your home as collateral. When your home is used as collateral it can be repossessed or taken away from late or missed mortgage payments, but it ensures a lower rate since the lender is now protected. Our debt consolidation loan will help you save money and increase your credit score. Your credit score increases with each completed payment.
There are many places to obtain your credit score. Below is a list of reputable agencies and their numbers and websites:
* Experian (888) 397-3742 or www.experian.com
* Equifax (800) 685-1111 or www.equifax.com
* Trans Union (800) 888-4213, or www.transunion.com
Apply now by clicking the “Apply Now” button! You can also call our toll free number: 1-800-880-4202 to speak with a mortgage professional.
