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Will my credit rating be affected?

Date: Sat, 09/29/2007 - 09:00

Submitted by anonymous
on Sat, 09/29/2007 - 09:00

Posts: 202330 Credits: [Donate]

Total Replies: 10


We are in over our heads and need help. We have autos, cars, loans and credit cards that will keep using to pay certain things. Will my credit rating go down if I do debt consolidation? How easy is it to get creditors to go along with the program?

Thank you.


Don't wait until you start the downward fall to start trying to get ahold of things now before it happens. Have you considered maybe scaling down on your expenses perhaps selling your car or trading it in for a cheaper one without payments.

I did that and even though it was depressing at first to trade in a 97 Ford Mustang Convertible for a 1990 Buick Riviera at least I didn't have the $350.00 a month car payment to worry about.

ladybug

ladybug


lrhall41

Submitted by ladybug on Sat, 09/29/2007 - 22:11

( Posts: 2753 | Credits: )


I have not defaulted on anything. I tried selling my car but I am upside down on what I owe versus what it will sell for and the other one is leased. Currently I have an 04 Acura TL. I am trying to trade for a more inexpensive vehicle even if it is older. So far I'm being told that I have to much to roll over. I'll find something.


lrhall41

Submitted by on Sun, 09/30/2007 - 19:25

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Has Anyone heard about CareOne? I'm suppose to be getting into a program with them. Thanks ahead of time.


lrhall41

Submitted by on Sun, 09/30/2007 - 19:27

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