Internet's first get-out-of-debt community - 134,000 members

Posted: Thu Aug 02, 2007 11:13 am Subject: Consolidated loans

If a person was to get a loan for say...2 or 3 credit cards, does the person still get to keep those cards for use or are they deactivated?

Posted: Thu Aug 02, 2007 3:26 pm Subject:

When you enroll in a consolidation plan, the accounts will be frozen during this period. This is done for good reasons so that you don't build in additional debts when you are already making a fixed payment in the plan. Once the plan is finished, you will be able to use your credit again.

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