People are often confused about what debt consolidation is, exactly. Is it a loan? Is it writing off my debt? Is it borrowing against my home? Debt consolidation through Solutions Credit Counselling is actually none of these.
I have worried for the longest time about credit ratings. There are many good reasons for my fears.
To begin with, credit ratings are based solely on mathematics – the days in arrears. You are judged in a moral way by being labeled with a good or bad rating. The reason for your problems doesn’t matter. Just the days in arrears.
We have collected information from both of the consumer reporting agencies (credit bureaus), as well as our own research to try to provide a full picture on credit files and…