Debt Consolidation With Keel Associates Can Reduce Debt And Raise Your Credit Score

Debt is a part of pretty much everyone's life. Whether it be a financed car, home, boat, credit cards, or all of the above, we all have some debt. It's easy to get over your head with debt but luckily, there are solutions!

While many folks turn to bankruptcy, that's not always the best option as it stays on your credit file for seven years. If you have already found yourself in a hole that seems irreversible, bankruptcy is not your best option. As TheLendersNetwork.com succinctly states:

Filing for Bankruptcy Doesn’t Help Your Credit at All 

"When you file for bankruptcy you’re giving your credit the death penalty. The bankruptcy and all of the accounts included in the bankruptcy will appear on your credit report for the next 7 years. Even a few years down the road creditors will see you as high risk. You’ll have a hard time getting new lines of credit, or loans for many years. Most people understand this, however they’re told they have no other options and that they have to file bankruptcy if they can’t pay their debts. False! 

Your credit will recover faster if you don’t file bankruptcy

 If you do not file for bankruptcy and just ignore the collection agencies, the credit damage you suffer will actually be less than filing for bankruptcy. Unpaid delinquent accounts are just as bad for your score as delinquent accounts that are included in a bankruptcy are. In fact, accounts included in bankruptcy are far worse than a regular unpaid collection. You may think that $50,000 worth of collection debt is what is hurting your score and by filing bankruptcy that unpaid debt will go from $50,000 to 0. It’s true the balances will show a zero balance, however unpaid collection debt is not included in the credit scoring algorithm. It’s the 15 collection accounts that are hurting your score, the number of collection accounts is what impacts your score, not the balances. This is why paying collections does NOT improve your credit score." 

 How Can Keel Associates Help Me?

Keel Associates provides low interest rate debt consolidation loans. They break down all of your debt and work closely with you to help find solutions and the best rate to accomplish your goal of lowering your debt thereby raising your credit score. They combine all of your debts so you can make one monthly payment to pay off all debt, sometimes lower than all of the payments you are making individually. They are committed to providing their best services and encourage you to meet your goals. It truly is the better option in paying off your debt and the extra help you receive from Keel Associates will get you right back on track! It's so simple and affordable, it's almost impossible not to try!

Have you ever tried debt consolidation? What was your result? I'd love to hear your story in the comments below!