Consolidating 2 auto loans
But there will be instances where you may have to wait a bit longer than that.It is worth pointing out that someone who consolidates or settles credit card debts successfully will often have an improved debt to income and be able to afford to take on a new debt sooner than would have been the case otherwise. Plus, our four options can help you pay off your loans quicker and lower your existing monthly payments. We offer instant online approvals & the best in member service.Can you get a new car lease a year after your debts were paid through debt consolidation?For most people I recommend settlement to, yes, and even sooner.
And in most cases you have to be many months behind in order to achieve the most optimal savings. The more accounts you are trying to consolidate into debt settlement, the more the damage from late pays. The have just paid the settlements on the cards, and that fact is updated on their credit reports.In your case, you are talking about settling debts for less than what you owe as a form of debt consolidation.That is different than consolidating through a nonprofit credit counseling agency, or more traditional forms of consolidating. Assume someone has 4 good things being kept current on their credit report, like 2 student loans, and two credit card with next to, or no balance owed.The damage to your credit from debt consolidation will vary.It matters what type of debt consolidation program you are in, and also the shape of your credit when considering items that were not consolidated.
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I'm considering doing a debt consolidation settlement program. Will I be able to lease a vehicle 1 year after debt consolidation?