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Cob1265

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Debt consolidation loans
I applied for a debt consolidation loan and was told that i have to close my cards. I’m concern that it will hurt my credit score and i need to know how long will this affect my score. I have an excellent repayment history but my score dropped because of the utilization.

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I would likely seek out another loan option. Is there something in your credit profile that is negative? That is a rather extreme condition to a consolidation loan.

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