Credit Card Debt

Hi Katie

Welcome to the forums. The debt consolidation program offered to clear the unsecured debts does not hurt the individual credit ratings. Please make sure that you don't default in making the monthly payment of the debt consolidation program.

Right now, if you look at your credit report, some of your accounts might be in default which require immediate repair work. Debt consolidation program will serve the required purpose by bringing the accounts current and making regular payments to your creditors. After your payments are complete with the creditors, your accounts will be reported as 'paid in full' to the credit bureaus. Thus, all the negative markings present in your credit report will be erased completely and you will have a clean view of your financial report.

Debt consolidation will appear in your credit report as long as you are in the program. It will be shown that you were unable to pay the original amount to your creditors, so you have taken the help of the debt consolidation program to reduce the total amount from the financial charges, late fees, etc. accrued on it.

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

The creditors will also appreciate your enrollment in the debt consolidation program because they will find you taking this responsibility to clear off the past debt and retain your credit worthiness.

You need to take care of the accounts presently which are presently in defaults so that this does not worsen your credit ratings. Debt consolidation program at this point is the right solution for you in rebuilding your credit. After you have rebuild your credit, your credit report will appear clean in front of your lenders and you will be granted loan easily in the future.

Additionally, you will be offered counseling and budgeting programs which will help you to keep a check on your finance. You will be able to save a considerable portion of the money and then, you can contribute largely to clear the debt faster.

Please let me know if you have any queries regarding this program. I will be glad to assist you in making the right decision for solving your debt related problems.

Regards
Roxette