Effect of debt consolidation on credit report

Hi John

debt consolidation does not ruin the credit of an individual. All the accounts are shown as "Paid in Full" after the completion of the debt consolidation program.

I have used the consolidation program to ease my monthly payments and see my credit taking good shape after the accounts are getting paid off. I realized that as long as I kept making regular payments in the debt consolidation program, my credit was viewed more favorably than before.

Similar post regarding credit has been answered in this link. Please check it to know more the moderator.

http://forums.debtcc.com/forums/about3594.html