Bad Mark on Credit

Hi Elizabeth

Consolidation does not leave any negative impact in the credit report. Others viewing your file can see that you are using this program. But if you are unable to make payments on your own or having higher interest rates, this program will help you ensuring regular payments towards your debt accounts. Thus, after all the accounts are paid off, consolidation will be removed from your file and you will have the credit scores gone higher.

During this program, lenders will see you using professional help. It does not put any effect on them as long as you are making the regular payments and unless you default in the consolidation payments.