Monday, May 28, 2007

Debt Consolidation

The number one question that could consumers inquire about credit counseling for personal debt consolidation is, “How does counseling affect my credit report?”

Most creditors will actually delete late payments immediately before you enter into one of these credit-counseling programs for personal debt consolidation.  They generally do it after you have made three payments on time and have shown some consistency on paying your bill.  A lot of counseling agencies have been frowned upon in recent years for charging ridiculous fees, and taking advantage of their nonprofit status by contributing money to affiliates. A lot of counseling agencies have been accused of misdirecting consumers on their programs for personal debt consolidation as well.

Find out more at this great new site Debt Consolidation made EZ

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