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This is a
list of the most frequently asked questions
and answers about debt consolidation.
Q: What
will this do to my credit?
A: It depends on
your current credit situation. If you have
poor credit, debt consolidation will improve
your credit due to the fact you will now have
reached an agreement with the creditors and
your accounts will now be in good standings.
If you have perfect credit, you may lose up to
75 points from your credit score, simply
because you are no longer upholding your
original agreement with the creditors. |