Notice: As a part of OVLG's preventive measures on COVID-19 outbreak, our office will remain operational with reduced staff from home. You may face issues with the phone due to routing issues or get delayed response. So we prefer that you send us an email or make a support request for assistance. For new clients, please use our chat system.

How debt consolidation programs affect credit rating?

1 Answers
-4 votes
Vote up!
Vote down!

Debt consolidation loans do not generally have a negative effect on a consumer's credit score, as these loans do not increase  the total amount of debt; they simply move it from one account to another.

Ask Question

Waterfall approach to debt free ™

Legal debt relief methodology that works based on your financial conditions. Learn more »

Last Updated on: Fri, 8 Jun 2018