Consolidating credit card debt affect on credit rating
After more than 20 years of helping people with debt problems, I can say with certainty that there is too much focus on the credit report and credit score when what is being sought is debt relief.
Focusing on getting out of debt with the right tools comes first.
With only three to four months of consistent, on-time payments to Trinity, our Debt Management Program will help bring your account to “current” status and start improving your credit rating.
Following just 12 months with a positive payment record, you’ll see dramatic increases in your credit score and you may even qualify for a loan to purchase your first home.
It’s a fast and effective form of debt management that brings you and your family relief from the burden of credit card debt.
Your participation in our debt management program will restore hope, while teaching you to be a wiser steward of your financial resources.
Your credit reports and credit score will heal and bounce back given time.
The 3 major credit bureaus (Equifax, Experian, and Trans Union) compile this information and make it available, along with your credit score, to lenders who want to find out how creditworthy you are.A common concern you may have when searching for the best way to get out of overwhelming debt is what can happen to your credit score.