Daily Archives: 2:07 pm

Can debt consolidation have a negative impact on my credit profile?

shargnu asked: How can debt consolidation affect my credit history/profile? How will it affect my credit score now? What if I want to buy a house within the next 2 years? What if I want to buy a car within the next year?

Can’t pay debt? What now?

*~Cam’s Mommy ~* asked: I was unable to pay on a $26,000 line of credit. (It was a consilidation line of credit). I had a series of unfortuante events that led me to be unable to pay. I took on the debt with the intention to pay. After not paying, the bank put me on…