If I consolidate credit card debts, will it affect

If I consolidate credit card debts, will it affect my daughters ability to obtain a student loan with me as a co-signer?

3 Answers

Debt consolidation doesn't tank your credit score like debt settlement. Just make sure that you repair your credit before you sign the papers for your daughter's student loan or else the lender may not agree to give you the loan.


Debt consolidation may hurt your score. If your score is too low, then the lender may not allow you to become the co-signer of your daughter's loan.  


You mean consolidate thru a debt management program???  Is so, your scores will tank and you will not qualify.

 

You should be re-evaluating any school that you need to take out private loans.  Read the horror stories and try to stay away from them.

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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