https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Debt-Consolidation-Loan/m-p/3108754#M343304 <P>Hi all,</P><P>&nbsp;</P><P>I currently have a balance of ~7800/12000. I'm thinking of getting a debt consolidation loan to give my credit score a bump, and move the credit card debt into an installment loan. I'm looking to get pre approval for a mortgage in ~September and actually close in ~March 2015. I wanted to give my credit enough time to build appropriately. What do you guys think of this plan?</P><P>&nbsp;</P><P>Thanks,</P> Mon, 19 May 2014 15:39:16 GMT guykara 2014-05-19T15:39:16Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Debt-Consolidation-Loan/m-p/3108754#M343304 <P>Hi all,</P><P>&nbsp;</P><P>I currently have a balance of ~7800/12000. I'm thinking of getting a debt consolidation loan to give my credit score a bump, and move the credit card debt into an installment loan. I'm looking to get pre approval for a mortgage in ~September and actually close in ~March 2015. I wanted to give my credit enough time to build appropriately. What do you guys think of this plan?</P><P>&nbsp;</P><P>Thanks,</P> Mon, 19 May 2014 15:39:16 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Debt-Consolidation-Loan/m-p/3108754#M343304 guykara 2014-05-19T15:39:16Z https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Debt-Consolidation-Loan/m-p/3109834#M343400 <P>General rule is no new credit within 6 months of app for mortgage, but if it will save you a good some of money, might be worth it.</P> Mon, 19 May 2014 21:35:38 GMT https://ficoforums.myfico.com/t5/Rebuilding-Your-Credit/Debt-Consolidation-Loan/m-p/3109834#M343400 Shogun 2014-05-19T21:35:38Z