Latest Debt Consolidation News

Debt Consolidation

How to Start a Debt Consolidation Company Plus Business Plan

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The How to Start a Debt Consolidation Company Guide will provide you with all of the necessary steps and information that you need in order to launch your business. You will learn how to how to raise capital, manage startup, how to establish a location, how to market your Debt Consolidation Company, and how to maintain your day to day operations. Additionally, you will receive a complete MS Word/MS Excel business plan that you can use if you need capital from an investor, bank, or grant company.


How to Start a Debt Consolidation Company Plus Business Plan

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Debt consolidation information How to get out of debt fast FREE program

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debt consolidation question by KL: Should I consolidate my credit cards?
I just paid off my student loans and do not have any other outstanding debts at this time (thank goodness)
I have 1 student credit card with a really sucky rewards program and 1 chase freedom credit card with rewards based on how much you spend.

I use the chase freedom credit card for all my credit card needs and have basically neglected my student credit card from chase.

The question is: Should i consolidate my credit cards? and will it affect my credit score?

I’ve tried to research this but always came up with “debt consolidation” which does not apply to me.

Thank you!

debt consolidation best answer:

Answer by Silly Goose
Absolutely not.
First you call up all the cards and ask if they can reduce the interest rates.
Yes, new credit will lower scores for the first 6 months.

Careful with online. Scams abound to say the least.
I would not even type the word loan in the internet – would not dare.

What card has the highest interest rate?
Pay that down to $ 0 aggressively, then move on to the next one.
Oh, stop using them.

For your future: Use cards wisely
Use one for gas and one for food and pay in full each month.
Carrying balances is the fastest way to destroy credit.
Funny how you were worried about consolidation causing damage – those balances are doing more harm than you will ever know.




One Response to “Latest Debt Consolidation News”

  1. malica says:

    Do you mean you simply want to cancel one card and carry around only one card and not two? Most people don’t consider that debt consolidation, which is why you’re not finding useful information.

    Length of credit history is one of the major factors in your credit score, and cancelling your oldest credit card can hurt this. If you want to cancel your newer card there should be no impact at all though.

    Personally, if neither have an annual fee I think it’s always nice to have two cards just in case something happens to the first (misplace it, magnetic stripe stops working, computer problems affecting only Visa, etc).

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