Recently got a personal loan for debt consolidation. About 15k went to high interest credit (still have about 6k credit whose interest is below 20%). I also put about 5k towards paying off a car loan and another personal loan to free up money on my monthly budget. My credit utilization will drop to about 20%. With also paying off my other personal loans, what can I expect credit score wise in the coming months? I figure it will dip down, then start rising pretty good. Also, will this move significantly help my chances for a mortgage next year?
Edit: Credit score is 677 and I make 85k/yr. No collections, no late payments. Extensive loan history though.
Submitted April 27, 2019 at 07:22AM by iDivideBy0000 http://bit.ly/2WertjC
