Hi all… i wanted to ask a quick question… If i consolidate all my debt, will that effect my credit? and would that effect me if i want to apply for a loan later on down the road?


Well it could effect your credit if you paid off every thing and then closed the account that will diffenately make things worse for you.

what would help is if you paid them off just don’t close the accounts this will take some self control to not use them very much if at all.

What you should worry about mostly is your debt ratio that may or may not be effected.

Another way to help your score is to pay some off and then raise your limit on some of these cards because the fico scores are based on how well and how little you use your limits.