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Christian Debt Consolidation is the best they either do not charge a fee or a very small fee to help consolidate your bills. Also all balances on credit report must be half or more paid to keep a good score.

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10y ago

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How do I consolidate my debt to improve my credit score?

The best way to consolidate your debt is to go to your bank and speak with their consultant. They usually have a department to help you with reducing your debt.


Where can I get debt consolidation?

You can get credit score advice and debt consolidation information from your banker. They can order a credit bureau score for you and tell you what your score is, how to clean up your credit and perhaps lend you funds to consolidate and pay down the debt faster.


Are debt consolidations bad for your credit score?

Yes, debt consolidations can be a negative factor on your credit reports. Though it is probably worth it to consolidate your debt rather than go deeper into debt, which will hurt your credit even more.


Will my credit score make it hard to get my loans consolidated?

Debt consolidation is a form of debt refinancing that entails taking out one loan to pay off many others. This commonly refers to a personal finance process of individuals addressing high consumer debt, but occasionally it can also refer to a country's fiscal approach to consolidate corporate debt or Government debt. Affordabledebtconsolidation


If you consolidate your debt will it effect your credit score?

Debt consolidation — combining multiple debt balances into one new loan — is likely to raise your credit scores over the long term if you use it to pay off debt. But it's possible you'll see a decline in your credit scores at first. That can be OK, as long as you make payments on time and don't rack up more debt affordabledebtconsolidation.


Where can I do a Debt Consolidation?

If you want to consolidate debt first you should check your credit score and check that there are no errors on it. Second try and get a low interest credit card and transfer high credit cards to that one. Third see if you can get a low interest loan or debt management.


How can I consolidate credit card debt without hurting my credit score?

It is always easy to think just because you pay off your debt your credit score goes up, but that is not true at all. Many credit companies don't tell people that are suffering with credit debt or any debt that it not because your in debt that brings your credit down there are MANY hidden fees that are not been removed so, there's where I come in and tell you the truth don't pay the debt. It's not going to help you out. Get in contact with an expert. If you need more information contact me at 786-792-2002


Currently have a credit score of 630 with 6 items in collections which are paid in full this month 30K in student loans start paying this month How will your credit look in 12 months?

That's really a question for a credit counseling type company who can answer questions relating to your credit score. I can tell you that until you consolidate your loans, they appear as itemized on your credit report. Once you consolidate your student loans they appear as one loan and give you a lower debt to income raition therefor giving you better FICO/Beacon score.


What is minimum debt due to be able to consolidate credit card debt?

don't consolidate, pay the debt off. To answer your question, it depennds on the company giving you the loan?


How good are debt management plans?

Debt management plans are very effective in paying helping you pay off your debt without affecting your credit score. The sooner you pay off your debt, the less stressed you will and the better your credit score will be.


What is the average minimum credit score required for obtaining a consolidation loan?

Depending on what lender you go to, you'll probably need a credit score of at least 540 if not higher. If debt consolidation loans are not a viable option for you, you may want to look into credit counseling services who can negotiate lower interest rates for you and can consolidate your debt.


Why is it advisable to consolidate debt for a credit card?

It is wise to consolidate debt for credit cards when the debt is at a high interest rate, a person may take all the high interest rate debt and combine it into one debt with a lower interest rate to save money.