Viewing a single comment thread. View all comments

Werewolfdad t1_jacod0u wrote

>Will my credit score improve after taking it (eliminating the CC debt) or will it ruin it more with this loan I'd be taking out?

If you've defaulted on $6k of credit card debt and are about to get sued, you may not even qualify for a loan and your score is likely a ways away from improving, so its not really a consideration

5

buckethead7777 t1_jacp0jq wrote

I figured this would be the case, I was approved through Progressa for a loan for the exact debt but my main thing being whether it would further tank my credit score or improve it within time with proper on time payments.

1