How long will debt consolidation damage credit?

Answer Debt consolidation is a way for people to lower the payments on their bills so that they can catch up with them. It does not damage someone's credit, but it will increase the amount owed over time.... Read More »

Top Q&A For: How long will debt consolidation damage credit

How to Repair Credit With Credit Consolidation Debt Relief?

Credit card consolidation for the purpose of debt relief is an increasingly common way for people to pay off their debts without ruining their credit score. A bankruptcy or debt settlement can affe... Read More »

Will a debt Debt Consolidation pay off your child support?

No. They won't pay off anything. They just contact your credit card companies and ask them to reduce your interest rates. They combine all of the credit card debts together, add up how much the tot... Read More »

Does bad credit affect student debt consolidation?

On One Hand: Yes It Does.Your credit score affects any loan you apply for. Bad credit can mean paying higher interest, increased late fees and/or annual usage fees. Very bad credit, if it doesn't g... Read More »

How long will a debt remain on my credit report?

A debt can remain on your credit report for seven years. Bankruptcy information can be reported for 10 years. Consumers who have paid a debt may contact their creditor and request that the creditor... Read More »