Debt consolidation will leave you with a huge debt ratio, and close all your credit cards?
When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work
Related posts:
- Do debt consolidation companies pay off credit cards that are already in the hands of a law firm/collector?
- Credit Cards & Financial Planning : How to Get a Debt Consolidation Loan
- is it better to pay off your credit cards with a debt consolidation or just pay it off yourself?
- Debt Resolution FAQ15 Should I Leave My Current CCC Debt Consolidation or Debt Settlement Program
- Personal Loans, Credit Cards & Debt Consolidation All Types Of Loans Guaranteed Approval Visit Now
You can find the answers to your questions here:
http://fixingyourcredit.blogspot.com
____________
No it will never leave you with a huge debt ratio.
Just check it out on http://www.ezconsolidation.com/
Don’t go for debt consolidation!!!! it’s like declaring bankruptcy!!!!
Check this out : Free 7 day plan to help you earn extra money to pay off your debts!
http://www.clear-credit-card-debt.com
Be DEBT FREE and pay off your debts i no time!