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I want to combine my unsecured debts through a debt consolidation company and since I've made this decision I have been approaching different companies. Some of them are asking me to stop making payments to the creditors. Is it so? Will this not hurt my credit score? Should I listen to what they're saying?

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You shouldn't stop making payments right now. Once you enroll into a debt consolidation program, the counselors will disburse payments to your creditors after notifying them about it. 


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Last Updated on: Fri, 8 Jun 2018