I am on a repayment plan with my credit cards to try to improve my credit score. Should I try to get a loan now? Or do I have to wait until the plan is completed?

It's a little hard to answer without knowing the situation in detail, but generally speaking I'd wait until your further along with your repayment plan. The way the credit cards are reporting to the bureaus during this time period will have weight on things too. Depending on the loan type for your situation your credit score can be a moderate to very significant part of the mortgage.

Generally on a payment plan, you are making reduced monthly payments which may adversely affect your credit scores. Something to keep in mind. You may want to pull your credit report at www.annualcreditreport.com

Much more info needed, but in general, if you defaulted on your credit cards, and you have made arraignments to pay back some or all of the outstanding amount, then that will most likely show negatively on your credit report and it's unlikely you would have the necessary minimum credit scores to qualify.. this all being said, it's near impossible to get a mortgage if you are currently delinquent on an obligation. Typically, when you enter into a repayment plan, it will continue to show that you are behind until you have made up all the back payments.. For this reason, it's probably best to completely pay off the credit cards before applying.. and it's even possible you will need to wait even longer for your credit scores to improve... but again, more info needed to advise you directly. I'm a Broker here in Scottsdale AZ and I only lend in Arizona. If you or someone you know is looking for financing options, feel free to contact me or pass along my information. William J. Acres, Lender411's number ONE lender in Arizona. 480-287-5714 WilliamAcres.com NMLS# 226347

Hello,You can get a loan and pay off your debt now if you have enough equity. I've done this many times with borrowers who were in debt consolidation plan. The reason it's usually better to pay it off all at once is that your accounts get paid off and your credit score goes up almost immediately. You also don't have to been concerned about what the company is able to negotiate down. So, you have more control. You can reach me directly at 949-269-8992 or email me at kmcquown@catalystlending.net.Kevin McQuown

Hello,It's better to pay it off all at once since your credit score will go up almost immediately. I'm a direct lender and you can reach me at 949-269-8992 or kmcquown@catalystlending.netSincerely,Kevin McQuown