Query about Creditors reporting to the credit bureaus
Date: Sat, 09/03/2005 - 08:56
Does the credit card company report to the cerdit bureaus when an account is put on your program. Is the report negative on my credit report.
Hi When you are enrolled in the debt consolidation program,
Hi
When you are enrolled in the debt consolidation program, the creditors will keep updating your report to the credit bureaus and this program will be visible in it.
Taking the advantage of the debt consolidation program is not a negative remark in your credit report because its main objective is to ease your repayment process. The creditors report your accounts with positive remarks to the bureaus after the completion of the payment. The involvement of the debt consolidation program makes it faster.
You can take the expert advice offered by the trained consultants and achieve a debt free life with the help of the debt consolidation program.
Regards
Roxette
