credit scores after debt consolidation

Hi Johnna

Welcome to the forums. debt consolidation program will not hurt your credit in anyway. Instead, it will ease your repayment process with your creditors and improve your credit ratings.

The benefit of debt consolidation program is that it combines all the multiple bills into one loan amount and is offered at a lower rate of interest. Thus, you can make your payments without haste.

After all your payments are complete with your creditors, they will report to the bureaus and your accounts will be shown as "Paid in Full" or "Paid as Agreed". This will enhance your credit ratings and you will be able to acquire your credit worthiness in the future. However, please make sure that you do not miss any of the payments in the consolidation program. Being in this program, your credit file will be viewed more favorably than before.

You can also get more of professional counseling from the certified consultants absolutely free of charge.

Regards
Roxette