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Originally Posted by sequoias
I find that hard to believe because most debt consolidation will hurt your credit history from what I've found out. I never heard of "credit consolidation" before but I assume it's the same as debt consolidation. Most banks will loan you a certain amount depending on your income and credit score, that's all load of bs. They play games with you.
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There are two types of credit consolidation.
One is getting a loan to pay off other loans and just have one account. That kind is not the kind that hurts your credit rating.
The other is when a company speaks on your behalf and tries to get the creditors to lower their monthly amounts and then you pay that company one payment and they distribute to your creditors for you. That is the kind that will hurt your credit rating.