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Date: Tue, 07/27/2010 - 19:18

Submitted by imraan khan
on Tue, 07/27/2010 - 19:18

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Total Replies: 1


will getting a debt consolidation loan damage my credit?


Taking a debt consolidation loan will have an impact on your credit rating, but whether its positive or negative depends totally on your management of the consolidation.

If you make the single monthly payments in debt consolidation on time, your credit score will show improvement usually after 4-5 monthly payments. If your accounts are in default, paying with the help of a debt consolidation loan will actually help you to raise your credit rating.


lrhall41

Submitted by paulcahill80 on Tue, 07/27/2010 - 21:03

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