Your credit score is largely comprised of two main factors: your payment history and your debt-to-income ratio. However, many people often mistake good payment history as "good credit.” If all of your monthly take home pay goes back out to paying bills, chances are you currently have a dangerously high debt-to-income ratio and your credit rating may already be affected. If this is the case, your foremost concern should be to immediately reduce your expensive overhead. Any debt management intervention will have an impact on your credit.
The goal of debt settlement is to help you get into a positive cash flow situation in the quickest, least expensive means possible by negotiating reduced settlement amounts with your creditors. This will specifically address your main financial crisis... your Debt! Once your debt is back under control, your "good credit" history will soon follow
How Does Debt Settlement Affect My Credit? - To learn more about this author, visit Eric Pinola's Website.
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Dr. John Oda
John Oda Ph.D NLP is a business peak performance expert, an author, and speaker frequently called upon to provide corporate training, workshops and seminars for many companies in the United States. He is an expert in coaching sales and business professionals in overcoming the behaviors and obstacles that may impede their sales results and affect their bottom line. Since 1995, John has created a speaking bureau such topics, which include: time management, sales training, human diversity, leadership programs and etc. He provides companies with a strategic plan to increase their bottom line by over 25 percent yearly. - Visit Dr. John Oda's Website |
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