Your credit score is widely used by banks and other businesses to approve applications you make. Your credit score is based on information in your credit report like your payment history, debt level, and recent credit card applications.
Your credit score doesn't include everything about you, especially factors that could allow businesses to discriminate against you. That includes your race, nationality, and religion. Learn 12 things that are not included in your credit score.
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I keep hearing and reading that any company that says they can get part (or most) of your debt removed is telling a lie. I want (or need) to consolidate my debt and find an easier way to fit payments into a budget. Even on your emails and web site on Twitter and this blog show companies that are saying that you can be debt free in 24 – 48 months and they can reduce your credit card debt. What is the deal, is it a lie, sham or are there actually companies like Freedom Debt Relief and Debt Relief USA that can actually help do this on the up and up? Also, what exactly does it do to your credit rating? Do these accounts show up as uncollected and lower your score or are they listed as settled accounts?