Consolidating credit agencies Dirty chat live web

Consolidating credit agencies

If you have a very good credit score (700 or above), the best way to consolidate credit card debt is to apply for a 0% interest balance transfer credit card.

The 0% interest is an introductory rate that usually lasts for 6–18 months.

You send one payment to the agency running the DMP and they split it among all your creditors.Utilizing a debt management plan could affect your credit score.However, at the end of the 3-to-5 year process, you should be debt free, which definitely improves your score.The best way to consolidate credit card debt under ,000 could be to get a zero-percent interest credit card and transfer balances from high-interest credit cards over to it.You also could look at a personal loan to pay off your balances.

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