Daily Archives: 3:33 pm

What exactly happens to your credit if you do debt consolidation?

monkeyundermypillow asked: I have $7,000 in debt and I have heard about debt consolidation. Does this negatively affect your credit rating? Do you get to choose how much you pay monthly or is there a set amount they make you pay? I live in Canada, if that matters.

Where can I find reputable debt consolidation programs?

Heather B asked: I am wondering where to find a trustworthy list of reputable debt-relief/debt-settlement or consolidation programs. I also need to know where to find a comprehensive list of ALL of my debts (not just the ones appearing on the credit report). Thanks.