How Does Debt Consolidation Affect My Credit Rating?
February 15th, 2010
I really need to improve my credit rating. I know that paying off debt does wonders for this, so I am trying to do that. However, I am not sure what is the best way to go about doing so. So far I have been just paying as much as possible each month and making sure to pay more than the minimums. However, I was thinking that debt consolidation might make it possible to pay the debt off faster. But would this mess up my credit rating, or would the fact that the debt was paid off make up for the fact that I used a consolidation service to help get rid of it?
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