Credit Report

Hi Cindy

Welcome to the forums. Using the services of the debt consolidation program will appear in your credit report in a positive way. As a result, it will not lower your worthiness while acquiring a loan in the future.

Debt consolidation program appears in your credit report with a view to provide improvement in your credit profile. All your negative markings will be erased after your enrollment in the program. You will be making regular payments to the creditors and as a result provide you a better financial rating.

Your creditors will appreciate your enrollment in the debt consolidation program as they will find you taking this responsibility to clear off your past debts and regain your credit worthiness. They will come to know that you have experienced financial difficulties in the recent past and you have taken active steps to repair it through the debt consolidation program.

Your creditors report your accounts to the credit bureaus. Although your report will show that you have been unable to pay the original amount of the creditors and have accepted the reduced amount 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.

Regards
Roxette