answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: How will consolidation affect your credit?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Finance

Does debit consolidation hurt your credit?

{| |- | There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. |}


What are the advantages of credit card consolidation?

Credit card consolidation consolidates all of ones debt. Credit consolidation makes it easier to pay off ones credit card debt with a lower interest rate than most credit card companies.


Where could one find information on consolidation loans for those with a bad credit rating?

There are a few places one can look for information on consolidation loans for those with a bad credit rating. One can find information from the websites 'Bad Credit Consolidation Loans' and 'Debt Consolidation Loans'.


What are some credit card payment consolidation hotlines that work?

Careone credit, Debt consolidation care, Consumer Credit and Debt Consolidation Services, Curadebt, Debt Options, and Net Debt all have three star ratings or higher for credit card payment consolidation. I would recommend any of their hotlines over competitors.


Can one get debt consolidation loans with a bad credit?

Getting debt consolidation loans with bad credit is possible, but extremely difficult. One would have to find multiple offerings for debt consolidation loans and see which of them offer them to people with bad credit.

Related questions

How does using a credit card consolidation agency affect your credit rating and for how long does it affect it?

== == Look up this site: edebtfree.org/ccc.htm


Does credit card consolidation show up on my credit report?

Yes, credit card consolidation will affect your credit score. It will show on your credit report for at least five years, it doesn't hurt as bad as bankruptcy however.


Is credit consolidation a scam?

No, not at all. My reviews were same till I have to use it for my credit card consolidation. The best way is to consult a debt consolidation company to consolidate your debts because they know your creditors and so that would not be shown on your credit report which in result will not affect your credit score I also did the same time before getting consolidated for credit card.


Does debit consolidation hurt your credit?

{| |- | There is a chance that using debt consolidation services might affect your credit. Some debt management programs, like credit counseling, show up on your credit report. Some solutions, like debt settlement, don't show up on your credit report, but by definition cause late payments. Most debt consolidation services are there to help you get out of debt, not to sustain your credit report or credit score, so you should priorotize what you really want in seeking debt consolidation help. |}


How does consolidation of debt affect the credit score?

If you are asking about a program, than no, it shouldn't affect your credit score. Visit her for more details: http://www.myfico.com./. Speak with your banking representative to be sure though.


What are the advantages of credit card consolidation?

Credit card consolidation consolidates all of ones debt. Credit consolidation makes it easier to pay off ones credit card debt with a lower interest rate than most credit card companies.


Who do I contact for Credit Card Consolidation?

If you have good credit, contact your bank and see about a debt consolidation loan. If not, seek out Consumer Credit Counselling Service (CCCS).


Where could one find information on consolidation loans for those with a bad credit rating?

There are a few places one can look for information on consolidation loans for those with a bad credit rating. One can find information from the websites 'Bad Credit Consolidation Loans' and 'Debt Consolidation Loans'.


What are some credit card payment consolidation hotlines that work?

Careone credit, Debt consolidation care, Consumer Credit and Debt Consolidation Services, Curadebt, Debt Options, and Net Debt all have three star ratings or higher for credit card payment consolidation. I would recommend any of their hotlines over competitors.


Will my credit score affect my debt relief options?

Your credit score will not affect available debt relief plans so long as you go through a non-profit credit consolidation agency. There are many scams out there, so non-profit is the only way to go.


Does a refinance loan affect your credit rating?

A refiannce loan will not affect your credit rating. Debt consolidation loans will and you will want to stay away from these. When refiancing, be sure that your prior loan was satisfied in full by your new lender to avoid any problems.


Can one get debt consolidation loans with a bad credit?

Getting debt consolidation loans with bad credit is possible, but extremely difficult. One would have to find multiple offerings for debt consolidation loans and see which of them offer them to people with bad credit.