David E asked:


For instance:
Is it $1500 rental income – $1000 rental mortgage = $500 added to your income only

or

Is $1500 of rental income added to your total income and $1000 added to your total debt and they are considered separate of each other in the ratio?

Jean

Labrythn asked:


When you consolidate debt, it shows all old debts as being paid, etc, but the one new debt ratio, which is the amount being owed to the consolidation company will be huge. QUESTION: Does It lower the credit score to have a huge debt ratio like this?
OTHER QUESTION: and you also want to have say, 3 credit cards, (3 of them is the number you want to have a good credit profile, right), then the debt consolidation companies close your credit cards or do they not? How does it work

Earl