debt consolidation

Hi j'sbigred

Welcome to the forums.

Using a debt consolidation program will not ruin your credit. In a debt consolidation program you can consolidate all your debts into one debt and can clear off the same through a monthly repayment plan. The debt consultant will negotiate with your creditor and will reduce your total debt amount to the extent of 40% to 60%. You interest charges will be reduced and all your late fees will be eliminated. This will improve your credit score and will help you to lead a happy debt free life.

Hope you will find this information useful.

Regards
Peter

Hi j'sbigred

Welcome to the forums. debt consolidation does not ruin the credit ratings of an individual. On the contrary, it serves in every bit to improve your credit ratings by making your defaulted accounts current.

debt consolidation program will appear in your credit report and it will be shown that you have taken the help of this program to ease your payments structure with your creditors. As you were not able to make the original payments to the creditors, you have taken the help of the debt consolidation program which has provided you the facility of a reduction in your total amount of debt.

The services of the debt consolidation program are used by the consumers to make their defaulted accounts current and as a result, were hurting the credit scores. Debt consolidation program will help in making regular payments to these defaulted accounts and erase the negative markings from the credit report.

Your credit ratings will be enhanced through the debt consolidation program and you will be able to acquire new credit very comfortably in the future.

Regards
Roxette