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 Posted: Tue Apr 22, 2008 7:59 am |
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Consolidating Your debts decreases your score and creates Bad credit.
I recently joined a company that took me away from consolidation, Repaired my credit. I now have a set Debt free date, 20 years less. Plus I am building wealth with the company
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FDIMember
Guest
Debtcc Points: 100
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| Posted: Tue Apr 22, 2008 9:25 am |
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I din't know consolidating bills decreases your score!! WOW!! Thanks for the info. I'm gald things are working out with the Credit Repair company. However....I do have a question. How can you have a "Debt free date" with a Credit Repair company? Or....am I misunderstanding your post?
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sdchargers_63
Joined: 08 Aug 2007
Posts: 865
Debtcc Points: 9573
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| Posted: Tue Apr 22, 2008 9:44 am |
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Does anyone else think this posts sounds like an advertisement? Especially:
| Quote: | Plus I am building wealth with the company
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A journey of a thousand miles begins with a single step...and becoming debt free is a journey!
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SUEBEEHONEY70
Moderator
Joined: 12 Oct 2006
Posts: 4316
Debtcc Points: 56062
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| Posted: Tue Apr 22, 2008 10:28 am |
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The name of the company is not mentioned. Not very good advertising!
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3439
Debtcc Points: 30193
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| Posted: Tue Apr 22, 2008 10:34 am |
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I don't know. It sounds like a 'regular' post to me. If we are using a consolidation company, i thought we weren't suppose to name the company on the forum.
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sdchargers_63
Joined: 08 Aug 2007
Posts: 865
Debtcc Points: 9573
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| Posted: Tue Apr 22, 2008 10:36 am |
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Fact of the matter. Debt settlement hurts your credit. Debt consolidation does not if done correctly. You can also work on your credit score simultaneously on your own or with a good repair company. Lets not mislead our readers with statements that are not neccesarily true!
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frogpatch
Moderator
Joined: 09 Apr 2007
Posts: 3439
Debtcc Points: 30193
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| Posted: Tue Apr 22, 2008 10:43 am |
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TRUE!! very true. I've worked on my credit, a bit, by myself. Did get a few things 'accomplished' (lack of a better word).
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sdchargers_63
Joined: 08 Aug 2007
Posts: 865
Debtcc Points: 9573
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| Posted: Wed Apr 23, 2008 7:30 am |
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Do payday loans go on your credit report? I know that a CA can try correct or do they usually not show up? Just curious.
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kolodin616
Joined: 07 Mar 2008
Posts: 142
Debtcc Points: 1167
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