| September 10, 2010

Credit card debt making it difficult for consumers to borrow

Many Americans have faced difficulty borrowing as they attempt to pay down their existing debt. Lenders have also tightened their restrictions since the 2008 recession in an effort to reduce the amount of debt they have had to write off. For this reason, it has become more important than ever for consumers to focus on building up their payment histories in order to receive approval for things, such as large home and auto loans.

Consumers can maintain their credit scores by understanding a few key factors, according to Investopedia, a financial news site. Payment history, the amount of credit used and outstanding balances all factor into a FICO score. These are heavily weighed by lenders and play a crucial role in whether a borrower receives approval.

The most efficient way to increase the chances of approval is by staying on top of payments, Investopedia reports. Keeping balances 15 to 25 percent below the amount of credit available can make an applicant appeal more to a lender.

Investopedia also reminds consumers that marital status, age, salary, occupation, rental agreements, public assistance and participating in credit counseling do not affect a credit score.

"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.

U.S. Department of Housing and Urban Development - HUD's mission is to create strong, sustainable, inclusive communities and quality affordable homes for all. Consolidated Credit is proud to be a member of HUD and also part of the Hope Now Alliance.

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