Consolidation Of Credit Cards?
A: Getting a personal loan and being accepted for it will be reflected on yout credit history. What it will do to your credit score ... I don't know, it depends on what kind of score you have now, I guess? You may need some expert advice before you do anything, but even expert advice is just that... another person's opinion, not realy knowing your particularly financial history with your debts. One thing to keep in consideration, is a loan will only be a trade off for one set off debts to another and what got you into credit card debt is a personal issue you may look at changing. If you choose to "consolidate" which is what you are doing with even a personal loan (I guess from your bank) stop using the credit cards by getting rid of them, (except for one and don't use it) while you are paying off the loan. I for one did not get loans, consolidate or try debt negotiating or anything, I made a disciplined plan to pay off all the credit card debts with a system much like a the snowball plan. It actually become fun after awhile to see each one shrinking away.
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