1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will identify you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair
Isaac).
2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% -
30%!
3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have at least 2 credit cards and 14% of them have 10 or more credit cards.
Debt Consolidation Company Reviews
Below you will find reviews for some debt consolidation and debt settlement
companies. When searching for a quality company, it's always a good idea
to do a little research of your own. You'll also want to ask key questions
and listen to the company's answers.
Questions To Ask
Here are some questions that you might want to ask your
debt consolidation company before giving them personal
information:
What kind of services and solutions do they offer?
What are the fees that are involved?
What kind of penalties are there for a missed payment?
Can you pay off your debts early?
Are they a member of the better business bureau or other reputable business organizations?
Below you will find reviews for some debt consolidation and debt settlement
companies. When searching for a quality company, it's always a good idea
to do a little research of your own. You'll also want to ask key questions
and listen to the company's answers.
