2 questions regarding combining my bills
Date: Sat, 05/06/2006 - 14:05
1. What would combining bills with MBNA do to my credit report and credit score? I would not want anything to appear on my credit report like I couldn't pay my bills -
2. Also would not want mbna to try to negotiate what I owe the other companys I made the debt -I just want them paid what I owe them and again to pay one bill with one company a month...Is this possible ???
Hi ddemore727 You will need to forward this request to MBNA a
Hi ddemore727
You will need to forward this request to MBNA and see how they will be working on the program. When you start paying in the debt management program, it will be reported to your credit file along with the payment details. Once all the bills are fully paid, the creditors will report them as "Paid in full"
Perhaps, you might have confused this website with MBNA. You can reach them at 800-622-5070 and request further information.
ddemore727, debt consolidation will have no direct impact on
ddemore727,
debt consolidation will have no direct impact on your credit score. your credits can, however, choose to put a note in your credit report saying that you are in credit counseling. again, this does not effect your score.
you will be required to close these accounts. this, unfortunately, could have a negative impact on your score. However, as you pay them off over time, your score will rise. You need to weigh the benefits of finally getting these debts paid off. You should seek the advice of a credit counselor to determine what the best option is for your particular situation.