Are credit consolidation companies a good idea for ppl with bad credit?
May 6th, 2009
regalbeagle asked:
If a person has bad credit are they better off going with a debt consolidation company or does it look worse on your credit report?
Most of the time, if you have bad outstanding debt, your credit is already very effected. Depending on amounts and ages of the accounts, would help me answer your question better. Debt settlement will help you manage a monthly payment plan, and pay your debt off in a timely manner. If your debt is old, and already in collections, then Debt settlement will help you get back on your feet, and get those paid off for much less then you owe. It does not look worse on the credit, as now, the active open collection account would be paid. And slowly, the credit will recover. Or you can always look at credit repair after the debt is paid. Please contact me for a free evaluation of your situaion! deawn@ncacreditrepair.com