- How It Works|
- FAQs|
- Help
- Log In to your account |
- Sign up now for free!
Credit Advice
Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!
Question
How long will a debt consolidation affect my credit?
Asked by
monimoni79
1 year ago
Flag this Question
2 responses
- Prev
- 1
Reply To This Question
The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.
Let the community lend a hand!
3 Most Recent Questions in Credit Scores
I fell for the Best Buy $1000 gift card gimick on my cell phone . What should I do now?
0 Responses
Asked by WRedjohnson
under Credit Scores
Featured Credit Repair Service
- Take action and start work to improve your credit, today!
- Lexington Law helps you work toward the removal of questionable, negative items on your credit reports.
- They have served over 600,000 clients since 1991
- Active Concord-level clients see, on average, 8.7 removals by month 3 and 28.6 by month 12*
*Your Results May Vary
SERVICE PROVIDED BY
Lexington Law Credit Report Repair
Over 1 million negative items removed by Lexington Law last year, including:
- Collections
- Late Payments
- Bankruptcies
- Foreclosures
Copyright© 2007-2012 Credit Karma™, Inc. Credit Karma is a registered trademark of Credit Karma, Inc. All Rights Reserved. Product name, logo, brands, and other trademarks featured or referred to within Credit Karma are the property of their respective trademark holders. This site may be compensated through third party advertisers.
Debt consolidation will stay on the credit report for at least 5 years. It is a real joke, because here you are trying to pay off debt that you incurred and are being honest in doing so, and it hurts rather then helps your credit score. I had at least two people tell me that. One was an auto dealer salesperson who said it would have been better off to aviod using a debt consolidation company, and a bank lender told me the same thing. It suck because even though the accounts are all paid off with a zero balance, I still pay for it with a lower credit score...UGH!!!!!!
jenco2006 1 year ago
Guess that's out of the question then. =( Thanks for response.
monimoni79 1 year ago