1. If you spend more than 50% of your credit limit every month, this indicates to the Credit Bureau that you do NOT have enough cash on hand to meet your monthly expenses. This will term you as a high credit risk and will actually reduce your credit score by 60 - 70 points overnight (Fair Isaac).

2. If you miss 1 or 2 payments on your credit card debt, the issuing company will skyrocket your interest rate to a whopping 27% - 30%!

3. Out of a random sample of 3 million American consumers (included in Experian's National Score Index), 51% of them have atleast 2 credit cards and 14% of them have 10 or more credit cards.

(View Archives)

Colonial Home Loans - Reviews of Alaska Debt Consolidation Companies

Physical Address:	4141 B St Ste 307 Anchorage, Alaska (AK)
Year of Establishment:
Description:	Colonial Home Loans Alaska offers tons of financial services including debt consolidation, refinancing home mortgage loans, debt settlement and consumer budgeting help. The company also helps its customers with credit repair and getting their credit score back on track. The company is known for its fast approval of home mortgage & refinancing applications. It believes in having "integrity" when lending to consumers.
Services Provided:	Debt consolidation, credit repair, refinancing home mortgage loans, debt settlement, budgeting, etc.
Future Expansion Plans:	The company hopes to protect its consumers from any credit card or other fraud that could negatively impact its consumers' credit reports & scores.