Posted on
September 28, 2009
at
11:48 pm
I wonder about this all the time.... Does debt consolidation ruin your credit? I am considering consolidating my debt but I just night end up regretting it.... pls help
Posted on
September 29, 2009
at
1:21 am
Chapter 13 bankruptcy, which is a form of debt consolidation, has drastic effects on your credit score. It stays on your credit for seven years, and on your public records for 20.
Posted on
September 29, 2009
at
2:59 am
Does debt consolidation ruin your credit?For the most part I do not think it does. Having debt in itself ruins your credit, and since the purpose of debt consolidation is actually to provide relief, debt consolidation can actually help you in making payments to get you back in shape and eventually regain your good credit.
Posted on
September 29, 2009
at
5:04 am
Which debt consolidation options are quickly able to help me build my credit then?
Posted on
October 6, 2009
at
5:30 am
Debt settlement may be able to help you do that, because it will only take you a year at the shortest to be able to complete your settlement. In regard to the query of "does debt consolidation ruin your credit," debt settlement may be able to help you get back in shape faster--but that depends on your current credit rating of course.
Posted on
October 9, 2009
at
2:51 am
Does debt consolidation ruin your credit?If you file for Chapter 13 bankruptcy, it will. The notation will stay on your credit report for 7 years and on your public records for 20.
Posted on
October 16, 2009
at
1:59 am
hey guys what do you think of this? debt settlement is said to be not a good option for helping you out on your debt.....http://www.bankrate.com/finance/debt/3-points-to-consider-in-debt-settlement.aspx
Posted on
October 19, 2009
at
1:10 am
As for me, debt settlement--or any debt consolidation method, for that matter--is better than filing for bankruptcy outright.
Posted on
October 21, 2009
at
9:27 pm
There are many benefits of debt consolidation. It allows you to: • Reduce your monthly debt payments and finance charges • Stop creditors and bill collectors from harassing you • Pay off your debts faster • Become financially stable and improve your credit rating
Posted on
October 21, 2009
at
11:45 pm
Does debt consolidation ruin your credit?Debt consolidation does not ruin your credit per se--in fact they help do the opposite, which is help you create a payment plan for your creditors in taking care of your debt. As long as you are faithful in meeting your obligations with the debt consolidation company that you're working with, your credit score will improve significantly.
