I just took out a debt consolidation loan, and I have a total of 7000 in credit card debt, a car note with 3700 still owed, and 5200 owed to IRS in back taxes.
I wanted to know how to spread the money around to increase my credit scores to buy a house. Thanks.
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You didn’t mention how much you received in the debt consolidation loan.
However, I would suggest talking to a local mortgage broker and discussing what will be the most effective way to apply the available funds since the end goal is to apply for a mortgage.
We know what the end goal is and the smart thing to do is talk to the broker and understand what will make the most sense for you rather than guess.
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