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froggy517

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would like to consolidate cards to one payment without lowering credit score
need to retire in 3 years and get all cards under control--one payment of consolidation would help

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Top Contributor
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If you are opening a new account to consolidate to, your score will drop a bit at first, but as you make payments it will increase.  Overall, I think it is a good idea, but only if you are consolidating to a lower interest rate that those you are paying now.  If you are consolidating to a card you already have, then it really shouldn't impact your score, you're just moving money around, not taking on new debt.  Be sure to keep the old cards open, if you close them that will definitely hurt your score, possibly a lot.  Best of luck!

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