Anonymous
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Sub: #1 Query on Credit Rating
Replied on 09-21-2005, 10:00 PM
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Does consolidating my debt hurt my credit rating? We're making our payments, but just barely. It'd be nice to have a little money left over for us.

ben
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Sub: #2
Replied on 09-22-2005, 09:59 AM
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Not at all, Jackbunny

Consolidation program has been designed in such a way that it makes your repayment process easier with your creditors. Consolidation program helps in completing the payments and it leads to increase in your credit scores also.

When you are looking out for new credit, the lenders are actually interested in evaluating your past financial status. When they will view your credit report, they might feel that you have had some financial problems in making your regular payments and that is why, consolidation program was used by you to give positive results.

The lenders will appreciate your enrollment in the consolidation program and your credit will be always viewed in a better way.

The consultant will also be offering you some budgeting programs that will help you to keep a check on your finance. You will be able to save a good portion of your income for your future emergencies.

You can take some expert advice in this website. Please enter your contact information to get in touch with the consultant for a free counseling.

http://www.debtconsolidationcare.com/signup/




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* Disclosures:
  • By signing up for counseling session, your provided details (Name, Email ID and Phone No.) will be forwarded to the company advertising on the DebtCC. However, you have no obligation to use their services.
  • Some creditors and collection agencies refuse to lower the pay off amount, interest rate, and fees owed by the consumer.
  • Creditors/collection agencies can make collection calls and file lawsuits against the consumers represented by the debt relief companies.
  • Debt relief services may have a negative impact on the consumer's creditworthiness and his overall debt amount may increase due to the accumulation of extra fees.
  • The amount which the consumer saves with the use of debt relief services can be regarded as taxable income.
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