How does consolidating look on your credit? I want to fix my credit and dont really know how??

Answer 1

By paying your bill on time...

Answer 2

Consolidating only makes sense if you are going to cancel all of the other available debt. That means contact all of your credit card companies and cancelling your account. If you don't do that it will show on your credit report as available credit and just make your credit report look worse than it does now.

If consolidating helps you to avoid any future late payments and to start getting your debt under control it might be a good thing. However, you need to go to work on your credit report now to try to get rid of all of the past negative items. This will help you get a lower interest rate and raise your credit score much faster than any other method. You might want to check out http://clean-credit-secrets.com . They offer an inexpensive program there that they say will get all of the negative stuff off of your credit report in 1 to 3 months. It might be worth a try.

Answer 3

Consilidating looks a LOT better than not paying at all...it shows that you are at least trying. One of the best ways to fix your credit is by saying up money for a down payment and buying something that will go on your report such as a car. When you get the car loan make the payments faithfully and on time and work your way from there...

Answer 4

If you have a mortgage and at least $10,000 in other debt check out: http://www.NoDebt4U.org
This company gets rid of all your debt, including your mortgage in about 9 years. No upfront fees. Does not mess up your credit. You can get a free 6 page debt analysis to see how it will work for you before you get on the program.
If you don't have a mortgage or don't qualify for the program you can purchase their Money Mastery Kit. It is a do it yourself program.

Answer 5

doesnt look good... the creditors look at it like this... ok... now all the credit cards balances are zero the loans are paid off.. start to using those credit cards again the creditors are like... ok... now a loan.. and credit cards again....
if you want to consolidate fine..... get the loan...
pay off some of the higher interests... DONT GO THRU THOSE CREDIT AGENCIES THAT SAY THEY CAN FIX YOUR CREDIT....... ONLY CONSOLIDATE THE LOAN SHOULD THIS BE A LOAN YOU GET ON YOUR OWN..

Answer 6

I am a registered private money lender and the manager of Equity Lenders Plc,London.I saw your ad and decided to send a reply via email to let you know about our loan grant and range.We give out loans at very low interest rate of 3.5% per annum to individuals and co-orperate firms all over the world.Our loan grant ranges from $30,000 to $250,000,000 USD at duration of repayment not more than 50 Years.If you are interested to take the loan please furnish us with the loan amount and duration within the range above.

Interested persons or firms should contact us via the e-mail address
below;[e-mail]
Contact person:Dr.Allen Owen
Phone NO.:[phone]
Middle sex
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Answer 7

it looks goo cause you pay all your little bills & that will make your credit score go up.& when you pay the consolidated loan off you will be even higher. go to exuifax .com you can sign up & it will watch your credit for you & they even give you alerts if anything changes on you file.

Answer 8

Consolidating means nothing except for combining your debt to one lump sum. Paying everyone off and going to a new location with just one account to pay.

When you use a debt relief company of some sort , and there are many, to help with your debt, THEY bargain with whom you owe... ultimately screwing over THOSE you bought stuff from. Then your score is affected.

Answer 9

The first step is to repair credit history inaccuracies. Check the name, address, social security number, previous addresses, open accounts, closed accounts, etc. If you find any information that is incorrect, report that immediately.

Read at http://www.theaones.com/answers/business-and-finance/how-to-fix-credit.htm for a full explanation about how to repair your credit

Answer 10

Once your bills had been paid and close. It will show *Close on consumer requested*. Any credit card close will negatively affect your credit score. But it will hurt more if your accounts become delinquent.