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How will debt consolidation affect my credit?

Debt consolidation has a minimal effect on your credit. In most cases, you apply for a home refinance or debt consolidation loan and use the proceeds to pay your other debts. Although you will now have a single larger debt on your credit report, several small debts will be eliminated.
Rating: 100% positive, 3 total Votes
Categories: finance
Added: on Jun 05, 2009 at 11:33 am
Added By: Bills_com
Searches: debt credit finance consolidation affect

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