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"IF I CONSOLIDATE MY CREDIT CARD DEBTS, WILL MY CREDIT SCORES INCREASE?"

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"IF I CONSOLIDATE MY CREDIT CARD DEBTS, WILL MY CREDIT SCORES INCREASE?" – Latest News Today

Hey Hey! Welcome to another LIT segment of Credit Makes $ense w/ Netiva, The Frugal CrediTnista

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This week we’re BUSTING some Credit Myths! Meet me Monday – Friday ***This Week Only*** at 12:30p EST as we BUST a New Myth Each Day!!!

Today’s Credit Myth: “I Read that If I Consolidate My Debts, I Will Pay A Lower My Monthly Payments & My Scores Will Increase. Is this True?”

Let’s Make $ense of Some Thangs!

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Robert Dunfee

5 Comments

  1. damian stoner
    July 20, 2021 at 8:39 pm

    I have credit 18 credit cards some are behind should I just consolidate them with national debt relief for 670 monthly for 48 months or declare bankruptcy?? I’m 43 k in debt

  2. Robert Mearns
    July 20, 2021 at 8:39 pm

    Question: Getting new signature loan for $4k, and because my credit union only allows one signature loan per customer/member,, they are requiring me to pay off the existing signature loan for $1000 and will fund me the $3000 difference. Question: am I better to pay off the existing signature loan from other funds and then fully fund the new loan or to have them do it? Which scenario looks better on my credit? They are calling this a refinance of my existing signature loan, like it's a consolidation. What should I do?

  3. max stedeford
    July 20, 2021 at 8:39 pm

    thank you so much, got some help from mansard security

  4. QuiseyK
    July 20, 2021 at 8:39 pm

    Thank you for this video! It was so clarifying and helped me out a lot. I’m 21 and taking control of my financial freedom aspirations.

  5. Camera talk305
    July 20, 2021 at 8:39 pm

    Another great video!