| August 6, 2010

Paying off debt, increasing lines of credit can improve scores

U.S. News and World Report says that it might not be worth buying into advertisements that promise credit score revitalization. For consumers struggling to improve their credit scores, there is no quick fix. However, there is truth behind the idea that consumers can take control of their credit scores with better spending habits.

World Report notes that by determining credit utilization, the calculation of how much available credit is used, can send consumers in the right direction. Credit utilization is the total balanced owed divided by the total credit limit. By either increasing a line of credit or reducing a balance, consumers can revamp their credit scores.

Many issuers have online account managers that allow members to increase their lines of credit instantly. However, most require that a card holder must be a member for at least 12 months before their line can be extended.

Minimizing debt is the easiest way to increase a credit score. An outstanding balance can reduce a score over time, making it even more important to stay on top of bills.

For those with debt on several accounts, debt consolidation is an option. This can condense interest rates and reduce monthly payments, saving money in the future.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

"We are really proud to recommend Consolidated Credit" Kathleen Cannon, President & CEO of United Way of Broward County. Consolidated Credit Counseling Services, Inc. is pleased to announce our partnership with the United Way as a United Way Chairman’s Circle Organization.

All Consolidated Credit counselors are certified personal financial counselors (CFC) We've helped 5 million people get out of debt! Call us today and see what we can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

Consolidated Credit is honored to receive the 2012 Excellence in Financial Literacy Education (EIFLE) Nonprofit Organization of the Year award. The EIFLE awards acknowledge innovation, dedication and the commitment of organizations that support financial literacy education worldwide. See what Consolidated Credit can do for you.

The National Industry Standards for Homeownership Education and Counseling are a set of guidelines for quality homeownership and counseling services. Industry professionals who adopt these standards can be trusted to provide consistent, high quality advice.
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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

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Time tested and customer trusted. Consolidated Credit Counseling Services has been a BBB Accredited Business since 1998 and has a current A+ rating. Call us today and see what we can do for you.

View the Consolidatedcredit.org review status

Consolidated Credit is proud to be an ANAB accredited member. Accreditation by a recognized and respected body such as ANAB ensures the impartiality and competence of our company. To see what we can do for you, give us a call.

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