I'm selling my car this week, which will pay off the loan a year early.I have about ,000 in credit card debt on 2 cards that I want to consolidate.
One of the cards is new (within the last year) and the other two are more than 4 years old. You want to leave them open, at a zero balance, so that you keep the history. I have had SEVERAL clients who have gotten a consolidation loan, paid off their credit cards, and then charged them back up again!student loan is subject to completion of a loan application/consumer credit agreement, verification of application information, credit qualification, and a benefit to borrower determination. How much it will hurt will vary depending on your circumstances.But credit scores can always be corrected over time, and consolidating debt may be necessary to ensure a healthy financial future.If borrowers are struggling under the weight of their current debt and monthly bills, they shouldn’t hesitate to seek help through debt consolidation simply due to credit score concerns.If your credit is already in the crapper, you cant go much lower.