How can debt consolidation affect my credit history/profile?
How will it affect my credit score now?
What if I want to buy a house within the next 2 years?
What if I want to buy a car within the next year?
I have about ,500 worth of debt, my income after taxes is about 21,000 a year. Most of my creditors have closed my accounts (all of my credit is maxed out).
I recently got my FICO score and it is 529 (very, very poor). I have called some companies that specalize in debt consolidation and I have been told that I do not have “enough debt”.
I talked to a professional about bankruptcy and was advised against filing because I do not have “enough debt”.
I am a renter, and do not have any assets that could be held for collateral.
With my credit score being the way it is, and closed accounts on my credit record… what are my options?