Will a debt consolidation loan hurt my credit if I get it from my ...

By Debt Doctor

This consolidates your payment to one group…the debt repair service…however, they will take a payment from you and distribute to your creditors…you still owe them all, its not a true consolidation of debt to one source…just a consolidation ... You didn't say what debt you were paying off, but, if you have maxed out credit cards….those maxed out cards really hurt your score. So when you get the consolidation loan, suddenly those negatives are gone, and you end up, overall, ...

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