Which loans can be consolidated?

I'm not sure about your car payment or mortgage, but you should be able to consolidate your student loans and your credit cards. I know when I consolidated my student loans before July 1st, I got a good interest rate on them. It went from 6.25% to 2.5%.

Only the secured debts, i.e.. The credit cards can be combined together in the consolidation program. You might have to shop for some consolidation company that will combine your secured debts. Just in case if any company does.

How much is the total amount of your credit card debts? You can combine all them into one monthly payment and save some money having lower interest rates. This savings can be used for your other necessary expenses and make larger payments towards the car and mortgages.

what happens to your great credit score when you have to then consolidate.

I understand that a consolidation plan is picked when you are having financial problems or expecting them in the future. This one has some benefits that can help your payment structure easier. Once you enroll in the program, it will be reported in your credit showing that you are in the plan. Someone viewing your file in the future will see this professional help being taken. Also, they will realize that you haven't left the accounts unpaid. With all these facts out, you have to get attractive offers from the lenders and other areas. Once all the accounts are paid off in the plan, the program will be removed from your file and your credit scores will go higher.