Help Debts

Posts Tagged ‘credit profile’

When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work

When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work

I have some credit card debt I was to consolidate, I moved into my house 1 year ago (I co-own it but no equity at present) there were people at the address with very bad credit and I still recieve the odd bill 4 them now. I am looking for a loan of 6700 over 7 years as it will save me nearly 100 month. problem is I have been declined by my bank, there reason was that I got 2 bank charges recentely due 2 a credit card payment coming out earlier than I was expecting. I also applied to Nationwide as I seemed to fit their criteria but they have also said no. I have recentely applied for 3 credit cards as I was playing around with figures looking @ interest free options. 2 of these have been accepted 1 declined. the debt is currentely spread across 4 credit cards and 1 o/d. I have 1 other loan that has been running 4 a year which I want to leave as it is as it is low interst rate. I am a manager for a very well known company and earn 20k. (1200/month). Please give me some advice. thanks
PS names of reputable companies that would lend to my credit profile on an unsecured personal loan at a reasonable interest rate.
would be really helpful.
Oh! and maybe I should have mentioned…I am not stupid and will not fall for a scam!! I don’t believe any of the answers here are legitimate…..why on earth would a real lender have a gmail or yahoo address for a start, please any people reading this for info do not take any notice of the advice from anyone who has replied…they are all scams and I wish I never posted the question!
anthonia – your response is the same as the 10 other scammers, giving a vauge yahoo email address!

When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work