credit

Hi Sean

Consolidation and settlement are two different procedures in the debt management program. When you consolidate an account, you pay to the consolidation company in easy monthly installments. The consultant negotiates with your creditors for a lower pay off and eliminate most of the financial charges and late payment fees. The rates of interest are also lowered down. This is the best way of taking control of your financial problems and keep the accounts current. This program will appear in your file as long as you are involved in it. Your credit scores will improve after all the accounts are paid off.

Have a look at the benefits of the consolidation program at :

http://www.debtconsolidationcare.com/benefits.html

debt settlement program is another way of taking control of your past due accounts. When you are opting for this program, you stop paying to creditors for a certain period. The accounts will turn delinquent and your consultant will negotiate with your credit company for a settled amount. You keep paying to the settlement company in an account reserved for this purpose. Once the credit company has accepted the proposal of your settlement company, money is set from the account where you deposited the cash. This program also appears in your credit file but it has a negative impact. Many creditors will not be willing to extend new credit because of the amount being settled. However, you will have to convince them with your past payment history and regular and timely payments in the future.

Have a look at the settlement page below:

http://www.debtconsolidationcare.com/debt-settlement.html