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Old 07-03-2008, 01:45 PM
RAMOS74 RAMOS74 is offline
 
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Default DEBT CONSOLIDATION
I HEARD THAT ID YOU GET A debt consolidation loan IT WILL LOOK BAD ON YOUR CREDIT SCORE AND EVEN LOWER IT BECAUSE YOU HAD TO GET A THIRD PARTY TO TAKE CARE OF YOUR PROBLEM
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Old 07-03-2008, 01:47 PM
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mobile0311 mobile0311 is offline
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I believe you are mistaking a debt consolidation loan with a debt management Plan.It does show on your report that you are getting help from a 3rd party but it doesn't hurt your Fico score at all. It will also come off your report once you complete the program as if it never happened.
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