Seven years bad luck...well maybe not bad luck but a rough time of getting new credit accounts or a new mortgage loan! A bad credit history can last up to 7 years and a bankruptcy can last up to 10 years on your credit report. A bad credit report usually means you've paid late payments to your creditors or no payments at all. If you want to improve your credit, you may contact a debt counseling professional.

There's a program for consumers called "debt consolidation" and it's typically associated with a non-profit consumer credit counseling service. It may sound like a debt consolidation loan, but actually, debt consolidation is an entirely different concept. Unlike a debt consolidation mortgage loan, your debt is just consolidated and your interest rate reduced without the need for a loan. This is done through negotiating with your creditors rather than taking on the additional debt of a loan.

Debt consolidation services are a great way for a consumer to get out of debt without going further into debt. This service can help you get your interest charges reduced, your monthly payments minimized, and your monthly bills to just one easy payment. Also, by making the regular monthly payments, you'll get back on the road to restoring your credit rating.

It is no wonder that debt consolidation services have become the number one way of dealing with excessive debt. Click here for a FREE consultation and learn how much money this service can save you.