Debt Consolidation


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Can combining credit cards (NOT Debt Consolidation) hurt your credit score?

@ June 23, 2008 # 2 Comments

Day Dreamer asked: I have several credit cards, many from the same institution. I’d like to combine all the ones from the same institution into one.

All the cards are paid off monthly - I am not carrying any debt.
Will this hurt my score?
Will this hurt me in any other way?Website content

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Is Debt Consolidation a good thing for my credit score or will it damage it ?

@ May 18, 2008 # 5 Comments

missjones2you asked: Being a recent grad and not in my prefered area of employment is rough, as it is for many recent grads. My dilemma is my finances. My poor financial decisions (i.e. CREDIT CARD DEBT) in college has caught up with me and it is racking my brain. I have considered debt consolidation because [...]

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What are some good debt consolidation companies?

@ May 17, 2008 # 5 Comments

tine105 asked: I just recently pulled my credit report and have some charge off’s that I would really like to pay off in order to increase my credit score. I am very concerned with companies that try to scam you and you end up paying more in the end. I got myself into [...]

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What is the difference between consolidation and debt settlement company?

@ March 7, 2008 # 5 Comments

Bajan Mama -35 asked: I called creditsolutions a minute ago and they told me that they are not a consolidation company. I told them that I have a debt for 16,000. They told me that they can get my debt company to settle for 9,800. and they charge a 15% fee. Does this sounds okay. [...]

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If you use one of those debt consolidation programs, does it affect your credit score?

@ January 23, 2008 # 8 Comments

sadlymistaken asked: You know where you call and they stick all your debt all together and then lower your interest rate so you can pay it off faster. Does that stay on your credit report, like filing bankruptcy?Create a video blog…instantly.

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