Do those companies that consolidate credit card bills effect your credit score?

They say they can lower your monthly payment %26amp; help you to pay off your debt faster, but is it a wise choice?

Do those companies that consolidate credit card bills effect your credit score?

think -- why do into more debt to get out of debt -- like throwing gas on a fire to put it out. set down, make a list of all the things your can do with out and still survive -- cell phone, internet, eating out -- these things along will help toward reducing debt. you can work this out by yourself will that time and a strict money management process.

Do those companies that consolidate credit card bills effect your credit score?

NO! Do not do this. It does affect your credit and in addition, those companies are not regulated. Attorney Generals in every state the majority of consumer complaints is about CCCS companies. You can sign up with a company and then they can sell your account to another company. In the end they can do so much more damage than they do good.

If you decide to do it, go to a company locally where you can sit down with the person. DO NOT USE A COMPANY YOU FIND ONLINE! because most of them are very unethical.

Do those companies that consolidate credit card bills effect your credit score?

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Do those companies that consolidate credit card bills effect your credit score?

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Do those companies that consolidate credit card bills effect your credit score?

Yes, in fact lenders look at this the same as bankruptcy. It will be on your credit report for 7 years.