Sunday, October 18, 2009

Erase your debts

One way to help lower your credit card debt, is pay off what you owe with a fraction of what is owed. Example, if you owe $3,000 they might take $800 to pay it off. Yes you might pay off your card, but it does hurt your credit rating in the long run. This is reported to the credit reporting agencies, and lowers your credit score. This might hurt your chances for a loan in the future. This is a choice you have to make for yourself. I just wanted to leave you with the facts.

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