Debt Consolidation amd problem about Credit Management?
Debt Consolidation amd problem about Credit Management?
I have a quick question maybe someone can help me
with. My girlfriend has about 6 different credit card bills that she
racked up when she was younger. She is now at the point where she would
like to possibly consolidate all the debt and pay a low monthly few.
She called a debt consolidation company and they said this does not
effect her credit. I heard from a good friend that debt consolidation
of credit cards will ruin her credit for 7 years?? Is this true.Also if
this is the good thing to do can anyone suggest a reliable debt
consolidation company I can set her up with. Also if this isn't the
best thing to do for her what is?
-What to do depends a lot on the interest rates and the balances, and how
much money she has for debt retirement each month.
She probably gets 20 or 30 preapproved credit card applications in her
mailbox each month. Find the one with the most