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Sub: #1 Debt Consolidation
Replied on 09-01-2010, 07:44 PM
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How do you consolidate debt with out ruining credit score / history. Any ideas?




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Sub: #2
Replied on 09-01-2010, 07:54 PM
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The only way this can be done is if you can actually borrow money, pay off your creditors and pay back the loan. However this type of loan is next to impossible to get if your credit is dinged, and if you dont have collateral.

Debt consolidation programs, where you pay a third party monthly to negotiate and pay your creditors will tank your score as you are not paying as agreed.




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