Start Consolidating loans bad credit rating

Consolidating loans bad credit rating

Her work has appeared in such magazines as "The Writer" and "Grit" and she authored the book, "So You Want to Be a Counselor." People with good credit tend to think that credit ratings are a good thing because their high financial status allows them to enjoy certain advantages.

If you have multiple credit card balances, consolidating them with a personal loan could help your score.

They list your demographic information, including name, current and prior addresses, phone number and Social Security Number.

They also contain your employment information, loans and credit card accounts.

What you might not know: Even if you pay balances in full every month, you still could have a higher utilization ratio than you'd expect.

That's because some issuers use the balance on your statement as the one reported to the bureau.

The top performers in our review are National Debt Relief, the Gold Award winner; New Era Debt Solutions, the Silver Award winner; and Accredited Debt Relief, the Bronze Award winner.

Here’s more on choosing a service to meet your needs, along with detail on how we arrived at our ranking of 10 systems.

Credit scores are more like your driving record: They take into account years of past behavior you can find on your credit report, not just your present actions.