credit rating

Hi ted123

Welcome to the forums. debt consolidation program serves the most in improving the ruined credit report which may be full of negative entries making it difficult to acquire credit. It covers all the unpaid accounts in the program, making regular payments to the creditors and as a result providing a better financial rating to the consumer.

Your participation in the debt consolidation program will appear in your credit report and as a result, people who will view your report will come to know that you have experienced financial difficulties in the recent past.

After enrolling in the debt consolidation program, it is necessary to establish a healthy relation with the creditors. It is the creditors who report your accounts to the credit bureaus. Although they will report that you have taken the help of the debt consolidation program and you have not paid your account as originally agreed but accepted the reduced payment through the debt consolidation program. The consultant working in the debt consolidation program will be able to negotiate with your creditors for the best of your credit ratings.

The ultimate goal of the debt consolidation program is to improve your financial and credit standing and as long as you are current in the debt consolidation payments, you will be viewed more favorably than before.

Debt consolidation program is the most popular and convenient method of erasing all the past debts and taking the financial rating of the consumer from good to better.

Regards
Roxette