answersLogoWhite

0

There are a wide variety of companies that specialize in teaching people how to do just this. Examples of companies that provide this service are Consumer Credit, Debtmerica, and Premier Debt Resolution.

User Avatar

Wiki User

12y ago

What else can I help you with?

Continue Learning about Finance

Where can one find tips to manage credit card debt?

It is extremely important for people to learn and understand how to manage credit card debt. One can find tips on this at BankRate, CashCourse, or Ask.


Why should a person use the help of Consumer Credit Counseling Service CCCS?

A person should use the help of Consumer Credit Counseling Service (CCCS) when trying to manage debt. You can find services such as debt consolidation, credit counseling and more at the Consumer Credit website.


Does debt consolidation affect your credit score?

Since a credit score can depend on how many different accounts have outstanding balances, it's possible that debt consolidation can indeed improve your credit score.AnswerDebt consolidation has minimal effect on your credit. In most cases, you apply for a home refinance or debt consolidation loan and use the proceeds to pay your other debts. Although you will now have a single larger debt on your credit report, several small debts will be eliminated.Answer:Debt consolidation itself does not dramatically affect your credit score. However, the main issue with debt consolidation is that over 70% of consumers who consolidate their debts grow it back to the same level or higher according to(http://www.bankrate.com).1. When you consolidate your debts, you are not learning how to manage your money better, you are performing a quick fixes, and quick fixes breakdown as fast as you put them together2. You must take the necessary steps to learn how to manage your money by putting together a realistic budget3. Create a simple to execute and even simpler to manage debt elimination plan4. Make permanent decisions to change your spending patterns to spend cash for your purchasesHope that helpsAhmad Davishttp://www.victory-by-design.comRead more: How_consolidation_affects_your_credit


How consolidation affects your credit?

Debt consolidation itself does not dramatically affect your credit score. However, the main issue with debt consolidation is that over 70% of consumers who consolidate their debts grow it back to the same level or higher 1. When you consolidate your debts, you are not learning how to manage your money better, you are performing a quick fixes, and quick fixes breakdown as fast as you put them together 2. You must take the necessary steps to learn how to manage your money by putting together a realistic budget 3. Create a simple to execute and even simpler to manage debt elimination plan 4. Make permanent decisions to change your spending patterns to spend cash for your purchases Hope that helps


How often and how much will your credit score go up if you consolidate your debts?

{| |- | When you consolidate your debt, the FICO recalculates your lending risk for the current period. It may adversely affect your credit rating for a short period. You will hopefully learn to consistently make on-time payments as well as keep your credit balances down to a manageable level. All of this will push your credit score upward over time. |}

Related Questions

Debt Counsleor?

form_title=Hire a Debt Counsleor form_header=In over your head? Find a debt counselor to help you learn to manage, control and ultimately pay off your debts. How many credit cards do you currenlty have that are active?=_ What is your total amount of debt?=_ How much do you know about debt counseling?=_


Where can one find tips to manage credit card debt?

It is extremely important for people to learn and understand how to manage credit card debt. One can find tips on this at BankRate, CashCourse, or Ask.


Where could one find a book about managing debts?

Sites like Amazon and Go Hastings are both webpages where an individual can go in order to learn more information about how to manage debts and other financial options.


Why should a person use the help of Consumer Credit Counseling Service CCCS?

A person should use the help of Consumer Credit Counseling Service (CCCS) when trying to manage debt. You can find services such as debt consolidation, credit counseling and more at the Consumer Credit website.


Does debt consolidation affect your credit score?

Since a credit score can depend on how many different accounts have outstanding balances, it's possible that debt consolidation can indeed improve your credit score.AnswerDebt consolidation has minimal effect on your credit. In most cases, you apply for a home refinance or debt consolidation loan and use the proceeds to pay your other debts. Although you will now have a single larger debt on your credit report, several small debts will be eliminated.Answer:Debt consolidation itself does not dramatically affect your credit score. However, the main issue with debt consolidation is that over 70% of consumers who consolidate their debts grow it back to the same level or higher according to(http://www.bankrate.com).1. When you consolidate your debts, you are not learning how to manage your money better, you are performing a quick fixes, and quick fixes breakdown as fast as you put them together2. You must take the necessary steps to learn how to manage your money by putting together a realistic budget3. Create a simple to execute and even simpler to manage debt elimination plan4. Make permanent decisions to change your spending patterns to spend cash for your purchasesHope that helpsAhmad Davishttp://www.victory-by-design.comRead more: How_consolidation_affects_your_credit


How consolidation affects your credit?

Debt consolidation itself does not dramatically affect your credit score. However, the main issue with debt consolidation is that over 70% of consumers who consolidate their debts grow it back to the same level or higher 1. When you consolidate your debts, you are not learning how to manage your money better, you are performing a quick fixes, and quick fixes breakdown as fast as you put them together 2. You must take the necessary steps to learn how to manage your money by putting together a realistic budget 3. Create a simple to execute and even simpler to manage debt elimination plan 4. Make permanent decisions to change your spending patterns to spend cash for your purchases Hope that helps


What are classes of credit?

Credit cards are a fast and convenient way to spend money, which makes them one of the easiest ways to get into debt. There are some forms of Credit:Revolving CreditInstallment CreditNon-Installment or Service CreditCharge CardsIf you want to learn how to manage credit then contact lowcards.


How often and how much will your credit score go up if you consolidate your debts?

{| |- | When you consolidate your debt, the FICO recalculates your lending risk for the current period. It may adversely affect your credit rating for a short period. You will hopefully learn to consistently make on-time payments as well as keep your credit balances down to a manageable level. All of this will push your credit score upward over time. |}


Will debt consolidation affect my husbands credit score?

Yes, but how it affects it depends ... if he consolidates and keeps on top of his finances from that point forward, it will help. If he consolidates and things get further out of hand it will hurt it if he cannot stay current with his bills. Credit card companies tend to have the worst affecton your credit - as soon as you miss a payment, they report it and your credit rating goes down. Answer: Debt consolidation itself does not dramatically affect your credit score. However, the main issue with debt consolidation is that over 70% of consumers who consolidate their debts grow it back to the same level or higher according to(http://www.bankrate.com). 1. When you consolidate your debts, you are not learning how to manage your money better, you are performing a quick fixes, and quick fixes breakdown as fast as you put them together 2. You must take the necessary steps to learn how to manage your money by putting together a realistic budget 3. Create a simple to execute and even simpler to manage debt elimination plan 4. Make permanent decisions to change your spending patterns to spend cash for your purchases Hope that helps Ahmad Davis http://www.victory-by-design.com


What are the classes of credits?

Credit cards are a fast and convenient way to spend money, which makes them one of the easiest ways to get into debt. There are some forms of Credit:Revolving CreditInstallment CreditNon-Installment or Service CreditCharge CardsIf you want to learn how to manage credit then contact lowcards.


Where can one learn more about Miles credit cards?

There are many places where one can learn about Miles credit cards. One can learn about Miles credit cards at popular on the web sources such as US News and Capital One.


Where would somebody learn how to get a credit card with bad credit?

If someone was looking to learn how to get a credit card with bad credit, they need to look into classes. Lots of places nationwide will give classes/courses to people with bad credit trying to get access to a credit card.