Houston Credit Repair experts explain the difference between credit repair and debt consolidation.
What is debt consolidation?
Debt consolidation is a service that people use that they think will help their situation. If you have debt you should be able to consolidate it yourself by paying things off one by one.Debt consolidation services will usually charge a large sum up front and take their fee and pay your bills after they are paid. In the fact they usually pay your bills late without negotiating and they can sometimes lead to collections as well.
Why not debt consolidation?
Debt does not always equal credit problems. Often times credit problems are secondary issue or the effect to the debt. Debt consolidation companies do not care about protecting or preserving your credit. They care about collecting their fees and consolidating your debt on their timeline. This often will drag your credit down or hinder your credit score dramatically while going through the debt consolidation program.nWhen in debt consolidation it will mark your report up that you have been in CCCS and that is a red flag to lenders. If you are considering debt consolidation consider a reputable credit repair com[any first. They can save you time, money and your credit.
Houston Credit Repair
Impeccable Credit Services has been the credit repair beacon for over 18 years. They have managed numerous files that have been post debt consolidation cases and also prevented many clients from destroying their credit in debt consolidation. Impeccable Credit would never take a client that does not need credit repair. If there is simply nothing to repair we do advise on how to consolidate your debt yourself without having to have a middleman. Our goal is to educate consumers on how to manage their debt and credit scores on their own. If you have any. questions please feel free to contact us 713-378-1500.