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If you have decided to consolidate your debts through a loan, the next step to do as soon as you get approved is to rebuild your credit. Watch these tips for consumers who are planning to consolidate or are in the process of debt consolidation. For more tips on debt consolidation you may visit - http://www.newhorizon.org/credit-info/debt-and-loans/debt-consolidation/ or contact us @ http://www.newhorizon.org/NHBS/contact.htm Email us at admin@newhorizon.org Toll Free Phone no. (888) 778-5677
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Tips on How to Raise Your Credit Score After Debt Consolidation By:
A debt consolidation loan can lower an individual’s credit rating but when managed correctly, it can also be a stepping stone towards complete debt freedom and credit rehabilitation. • Here are valuable tips for consumers who are planning to consolidate or are in the process of debt consolidation.
Check your credit report at least twice or thrice each year. monitor your progress by regularly checking your credit report. get one free copy of your credit report from each of the three major credit bureaus annually by visiting Annualfreecreditreport.com.
Put a halt to your spending focus on the most important task at hand – completing your debt consolidation loan payments.
Don’t hide from your debt consolidation lender. If you think you will not be able to submit your loan payment on time due to an unexpected situation, do not just put off your duty. Instead, call up your lending company and request for an adjustment with your due date. If there is valid reason, most lenders will consider extending your deadline if you make the request.
Prioritize debt repayment • Debt repayment should be on top of your list of priorities.
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