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Consolidating Credit Card Debt
I am considering consolidating my credit card and LOC of debt into one loan. If I am able to get the loan, I was then going to keep the credit cards and LOC open, but just request a credit line decrease. Would anyone be able to tell me if this will affect my credit score, i.e. lower the limits? I know that closing the accounts will negatively affect my score. I just dont know how my score will be affected just my lowering the limits. Thank you

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