MarketplaceDebt Consolidation Affect Credit Does debt consolidation affect your credit history and score? I think to consolidate my bills, but I fear that this will be reported on my credit history or affect my credit score somehow. Yes, it affects your credit, but less than bankruptcy. If you have not already, get the book "Total Money Makeover Your" by Dave Ramsey. Get the library if you do not have $ 15 to buy. You can visit http://www.cashguru.info and find useful tips and several articles on debt consolidation. Report Abuse The army bonuses up to $ 40,000, a program for students $ 65,000 to repay loans which pays off in 3 years and up to $ 71,000 for college after the army, more 100% paid for his service. Also CONAP for registration. 1800 + Colleges and Universities in the program. It is much better than a consolidation loan that you attach fiancially for 5 or 6 years until 20, if student loans are involved. No, it will not. A source of debt good for you: It depends if you are behind on your bills today. If not, get a loan and pay all the bills and this just shows as a loan and others have been acquitted. If you're behind right now, so that's how your credit is affected. If you take a dump it affects your credit score! So yes, it will be in a bad way, but look that way if you consolidate, it will affect negativly, but if you have an emergency and can not make all your payments c.card that F ** Wil K your credit score. Debt consolidation will make you mature with your money and the fact that you put in the hands of a specialist money to control you, a star in the eyes Buer. Good for you. people want more than the officials were with their money. Debt consolidation is just to take a loan to repay all your other loans and then only have to repay a loan. It will add the company to your credit history and he used to clean the other, but it shows that you do not have 1 company that I think is a plus. I'm not sure how this will affect the score. Yes, it takes all your debts consolidated at low pay and paying them a little at a time, but also reprts Companys credit that these debts are paid. it can only better your credit, but careful who you choose, there are many frauds out there Are you back now? If so that's been reported already. If there is no way for you to manage your $, go ahead and consolidate. These companies pay, and they can not repair your credit. If your credit is already bad, it can not hurt. If you do not, and you can not pay your bills, making your bad credit. Posted on March 19, 2010.
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