Debt Consolidation helps in improving the credit scores
Date: Wed, 08/31/2005 - 09:31
I have a credit score of 566 and was hoping to improve my score and the thoughts of debt consolidation came to my mind.
If I do a debt consolidation, would it improve my credit score? How will it show on my credit reports?
I have 4 accounts that are sent to collections. Please help, I'm in desperate need to improve my score. Thank you for your time.
Lee
Hi Welcome to the forums. debt consolidation program is desi
Hi
Welcome to the forums. debt consolidation program is designed to give your credit report a good shape and provide you with your credit worthiness. Its main objective is to restore a good credit rating of the consumer and entering into this program will make it happen faster and more securely.
Debt consolidation program consolidates all your monthly bills into one low payment and at lower rate of interest. Thus, your credit report will start improving when you have taken responsibility towards your past unpaid debt.
In the debt consolidation program, as long as you stay current on the consolidation loan payments, your credit rating will be viewed more favorably than before.
The creditors also appreciate your enrollment in the debt consolidation program as they find you taking this responsibility to erase all your past debts and thus acquire better credit rating in the future.
After all your payments are complete through this program, you will surely see an increase in your credit scores. Debt consolidation program has been the most successful and popular method to erase all the past debts and thus repair the damaged credit report.
http://www.debtconsolidationcare.com/benefits.html
To start up with this program and get in touch with the trained consultant who will take all your debt related problems and thus enable you to live peacefully, please enter your contact information at the sign up page. His counseling will be helpful to you in all your times of need and enable you to come to a debt free world.
Regards
Roxette