Debt Consolidation vs. Debt Management

When you find yourself in a situation where you need to make a serious repair to your credit, a debt consolidation or a debt management program may be the way to go. If you find that all negative items on your credit report are revolving or installment debt, and not so many collections, credit repair might not be what you need in order to help raise your credit score and put you back into financial freedom. Credit repair isn’t for everyone and doing it on your own can be difficult, although not impossible. That’s where debt consolidation companies and debt management companies can be invaluable when it comes to getting your credit back on track. 

A debt consolidation company can help your credit by obtaining a loan that will pay off your creditors and allow you to make just one payment to one company instead of several payments to several companies. This also helps your credit because you will be shifting your debt from revolving to installment. This will help save your credit and is usually recommended to prevent any charge-off of collection status. 

A debt management company is much different than a debt consolidation company when it comes to paying off your creditors. The debt management company will settle your debts and you pay the debt management company one monthly payment. That payment gets disbursed to all your creditors included in your debt management plan. They also provide counseling services that will help you manage your debt and get you well on your way towards bettering your credit.

When you are looking for a debt consolidation or debt management company to help you, there are a lot of things you need to look for. First, check out their references and make sure they have good reviews. Their reputation can say volumes about their true abilities to help you get back on track. Check with the Better Business Bureau and see if any complaints have been filed against them.

Do extensive research when it comes to finding a debt consolidation or debt management company. Credit is very important to you and your life. Your credit score can mean the difference between getting a reliable vehicle or even owning your own home. That’s where these companies can help as doing it on your credit can be an overwhelming procedure.

What a debt consolidation and debt management company will do is walk you through the process step-by-step and take some of the pressure off of you when it gets to be too much for you to handle. They will charge a fee for their services, but it is usually quite reasonable, and they will often work with you to make that payment over a period of time if you are in severe financial trouble.

What a credit repair company does is help with removing negative and inaccurate items from your credit report. Such as late payments, charge-offs, collection accounts, and even public records; like judgments, bankruptcy, tax liens, and child support accounts. All of these impact your credit in a negative way. A credit repair company will then consult with you and find out which items are inaccurate and file a dispute with the three credit bureaus and the furnisher of information so that the item can be verified and validated. If there is an error or the item can’t be verified, it would have to be deleted per the Fair Credit Reporting Act (FCRA).

We work with you to repair your bad credit and will help you raise your credit score. We really want to help people repair their credit and we do so in a very professional way that is really personable. We will work with you to assess exactly where your credit is and where you want it to be. Clean Slate Credit Solutions will help you set goals and then do what we can to help motivate you to achieve those goals.

Here at Clean Slate Credit Solutions, our credit repair program charges you per item that is deleted from your credit report. In the event we are not able to get you results, then you don’t pay. So don’t worry about paying month after month with no results. 

Visit www.cleanslatecreditsolutions.com/consultation if you would like to schedule a consultation with our credit repair company. Once we speak with you, we will determine we can help improve your credit. Get ready for great credit!

Jose A. Rodriguez Jr.
Credit Repair Expert
Clean Slate Credit Solutions