tag:blogger.com,1999:blog-25432418.post2628211995787033896..comments2008-03-20T15:06:06.051-07:00Alton J. Jones, How To Get Good Credit Experthttp://www.blogger.com/profile/13852058992514835307noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-25432418.post-19262941241587085982008-03-20T15:06:00.000-07:002008-03-20T15:06:00.000-07:00The potential downfall of using consolidation services is that you are placing responsibility for that consolidation service to forward your payment to the lender on time.<BR/><BR/>So, if subscribe to their service and pay in advance and they in turn submit your payment to the lender late...you can and often will get dinged on your report(s).<BR/><BR/>Been there...done that.<BR/><BR/>:-(<BR/><BR/>My advice is to do it yourself.<BR/><BR/>Take a look at my post, Get Good Credit Bill Payment Calendar System" listed in my April 2006 archives.<BR/><BR/>Keep me posted.<BR/><BR/>ajAlton J. Jones, How To Get Good Credit Experthttp://www.blogger.com/profile/13852058992514835307noreply@blogger.comtag:blogger.com,1999:blog-25432418.post-27011636580729766372008-03-20T14:31:00.000-07:002008-03-20T14:31:00.000-07:00I've got a question about debt consolidation. What do you think about these programs. I used a lot of cards to start my business seven years ago and used a debt consolidation service. It has been great, but one thing we did was we kept paying our minimums to the card companies so we were making two payments. The consolidation company doesn't like us doing this, but I'm afraid if I don't keep paying the card companies directly, I might take a hit on my credit score. So far no negative reporting has been made. I've always wondered about this decision though and was curious what you thought.Phil Davishttp://www.authorsonthenet.comnoreply@blogger.com