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How can someone improve a poor credit rating?
A person's credit rating can be improved by paying off old bad debts or unpaid bills that may be affecting your credit rating. Some companies will give people with poor credit a credit card to clear all old debts and consolidate their debts into one payment.
How can one consolidate credit card debt?
One can consolidate credit card debts by rolling them into one lower interest credit card. Many companies offer this service such as such as 'Credit Guard' offer this service.
What does it mean to 'consolidate debt'?
If you have 10 different debts that total $1000.00 and borrow $1000.00 to pay them all off, you have consolidated all those small debts into one big debt. You save 9 stamps per month. Answer:Taking multiple debt or credit lines and consolidating them into one new payoff plan. Frequently, this is a consolidation loan, provided to consolidate debts into one loan with one payment, typically shifting credit card debts to secured debt by refinancing a mortgage. It could also refer to a credit counseling or debt settlement program.
What services does the Credit Corp Group Limited offer?
The Credit Corp Group is a debt assistance organization. They can help customers manage their debts by finding an appropriate repayment solution. They also can consolidate multiple debts.
Why would someone consolidate his or her debt?
It could be easier to consolidate several debts into one amount to eliminate the interest on the smaller accounts and pay off them all off as one bill to one creditor and possibly raise your credit score by doing so.
