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How will debt consolidation affect my credit?




Hi melanie

Welcome to the forums. debt consolidation programs are designed in the best ways to put control over your debt and thus eliminate it. The success of this program can be sensed right from the beginning after enrollment. debt consolidation program restores the credit worthiness of an individual in comparatively shorter period of time and in a secure way.

This program is a perfect bliss for the individuals as it makes the debt easier to manage. All the numerous bills are consolidated into one loan amount at a lower rate of interest. Otherwise, the creditors charge higher rate of interest and are reluctant in wiping off the late fees. This program eases the life of the consumers a lot as they have to concentrate only on one bill instead of many and thus take a firm hold. After all the payments are complete, the credit rating of the individual also gets improved and rebuilds his credit worthiness.

Debt consolidation program erases your debt faster and thus improves your credit standing in the long run. Due to the involvement in this program, all the defaults are cured and retired. The creditors also respect your desire of erasing your debt and thus freeze your accounts so that you don't acquire further credit. Not closing your accounts will hurt you in the long run and at the same time, this program will also not be able to deliver fruitful results.

In this program, all your accounts will stay current and your credit rating will be viewed more favorably than before.

The debt consolidation program has been the most popular and successful method of erasing the past debts as it offers a very affordable monthly payment at a lower rate of interest. You can choose the time frame according to your need to clear off the debt. However, a shorter pay off time will be beneficial to come out of the debt faster.

It is advisable to close extra credit card accounts outside the program so that those bills don't keep mounting higher.

I hope that you must be convinced with the benefits of the debt consolidation program. Debt consolidation program has been the most successful and popular method to erase all the past debts and thus repair the damaged credit report.

http://www.debtconsolidationcare.com/benefits.html

To start up with this program and get in touch with the trained consultant who will take all your debt related problems and thus enable you to live peacefully, please enter your contact information at the sign up page. His counseling will be helpful to you in all your times of need and enable you to come to a debt free world.

Regards
Roxette

Sub: #1 posted on Thu, 06/23/2005 - 01:27

roxette roxette

(Posts: 4009 | Credits: 559.9)

Hi Val

Welcome to the debt consolidation care forums

The credit cards which you want to consolidate will be made inoperative from the day you are registered in the debt consolidation program. If the cards are kept in operative mode then your card will be accumulating charges which will not be good for you. You can close your credit card account on your own but not if you are in a debt consolidation program.

Please feel free to come back with further queries,

Regards
Peter

Sub: #2 posted on Thu, 06/23/2005 - 14:55

peter peter

(Posts: 285 | Credits: 114.11)

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