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credit report

Date: Fri, 07/08/2005 - 20:24

Submitted by anonymous
on Fri, 07/08/2005 - 20:24

Posts: 202330 Credits: [Donate]

Total Replies: 2

credit report


Does entering a program like this negatively effect your credit rating?


Hi bmw1682,

Welocme to the debt consolidation care forums.

Entering a debt consolidation program doesnt affect your credit ratings.
Our partners take special care so that your credit rating is not affected in any way. Negotiation with creditors is conducted by them in such a manner that crdit rating of the customer us not affected in any way.

Hope this answers your question.
Feel free to ask any other queries you have.

Regards
Mike


lrhall41

Submitted by Mike on Sat, 07/09/2005 - 04:21

( Posts: 1317 | Credits: )


Hi bmw1682

Welcome to the forums. debt consolidation program does not hurt the credit ratings of an individual. Debt consolidation program appears in the credit report as long as you are enrolled in the program.

It shows that you have not been able to pay to your creditors with the original amount but have certainly agreed to the reduced amount through this program.

The creditors appreciate your involvement in the debt consolidation program because they find you taking this responsibility of clearing the past debt and acquire your credit worthiness.

You will be improving your credit report on a regular note if you are current in your monthly payments.

Moreover, debt consolidation program comprises of the benefits jotted in the mentioned page and it has made this program the most successful method of erasing the past debt and aspire for a debt free life.

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

Regards
Roxette


lrhall41

Submitted by roxette on Sat, 07/09/2005 - 12:13

( Posts: 4009 | Credits: )