
FREE DEBT CONSULTATION![]()
Debt Consolidation BasicsThe Basics of Debt Consolidation Plans So, you are wondering how does debt consolidation affect your credit? Well according to Barry Paperno, of Fair Isaac Customer Care - “Using a credit counseling service and having this situation reported on your credit report DOES NOT have a negative impact to your FICO ® scores. However, the actions you take based on the recommendations of a credit counseling service may, in some cases, affect your score. For example, an agreement to settle for less than the full amount due on an account may be regarded negatively, as well as any late payments reported either before or after you begin the plan.” |
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Debt consolidation is a way of resolving your financial situation and will assist you on getting back on the right track to help eliminate and reduce
this financial burden. We have been doing this for over 14 yrs assisting consumers with credit card debt and helping them get out of the financial hole they may be in.
Although debt consolidation may sound like a loan it is something entirely different. Unlike a loan, your debt is consolidated into ONE LOW monthly payment you DO NOT get a loan to pay off your credit cards.
Often these services are a "win-win" situation for the consumer. Your creditors win because they save money by eliminating the cost of collections, and in some cases a total loss if bankruptcy is declared plus they get the money that is owed to them and they also win by keeping you as a customer in good standing. You win cause you pay off your debt and get yourself financially set again.