Debt
Date: Sat, 07/09/2011 - 12:06
when someone consolidate his debt that can help him get a job if the employer"s check credit to determine eligibility of employment
Consolidating your debt should help you manage your debt (i.e.,
Consolidating your debt should help you manage your debt (i.e., pay it off more quickly at a better rate) and therefore increase your credit score. It depends on which company you use (if you're not doing it yourself), how quick they are to act and start paying the lenders and how quick your lenders are to report to the bureaus.
If you've just started the process it's likely that your credit reports won't yet reflect anything. It can take up to 6 months for a debt program to have a positive effect on your scores/reports.
