Our online debt consolidation and credit card counseling service is here to help you eliminate your outstanding debts, reduce interest rates, lower your monthly payments and avoid bankruptcy.

Debt consolidation is the process of consolidating multiple debts into one low interest loan or credit card. Debt consolidation typically involves a new credit line, but could also be referred to you as a credit counseling program or other forms of debt management that do not involve a debt consolidation loan. If you have a lot of debt and want to get some relief, there are a variety of options that may be available to you. Our experienced debt counselors can assist you to evaluate your options and find the debt consolidation solution that is right for your personal situation so that you can get out of debt fast. read more...

You probably know that carrying a

debt collection

on your credit reference damages your credit rating. The record will stay on your credit reference for seven years though your

debt collection

will have less influence on your credit as the time passes and the future lenders and creditors will have a possibility to see and examine it. The best alternative to manage your

debt collection

is to withdraw it from your reference.

What to do if it’s not your

debt collection

If you can prove that it’s not your

debt collection

, no one can make you repay it and collectors have no right to put it on your credit reference. With the help of credit reference argument you can ask the credit agencies to withdraw the

debt collection

from your credit reference.

If the

debt collection

is really yours, that doesn’t give the collector a legitimate right to collect from you. You can get your

debt collection

validated if the debt collector called you not more than 30 days ago for the first time. This procedure demands the collector to present proof that

debt collection

belong to you. In case the collector isn’t able to confirm the debt or denies replying to your inquiry, the

debt collection

must be withdrawn from your credit reference.

What to do after seven years
As indicated in the Fair Credit Reporting Act, outstanding accounts can stay on your credit reference for only seven years from the first day of nonpayment. Guileful collectors frequently attempt to falsify the age of the debt, convincing that the account became outstanding later than it really did. Owing to this trick the

debt collection

will remain longer on your credit reference.

If you know that seven years of period of report have already gone, argue to withdraw the

debt collection

from your credit reference. Any confirmation you can give concerning the actual date of nonpayment will reinforce you’re your argument.

What to do when collectors trade

debt collection

balances usually pass from one owner to another each six months or so. Debts are appropriated and traded to other collectors, thus it’s absolutely possible that the

debt collection

company indicated on your credit reference isn’t actually the company that’s now charging on the debt.

Next

Learn More:

• Debt solutions that can damage your credit


• Debt reliefs that can damage your credit


• Advantages and disadvantages of debt consolidation loans