Additional resources7 of 7Credit counseling or debt settlement?Pros, cons of debt reliefDebt plan hurts creditManage or settle debtFighting debt collectionGet my credit report?Dealing with old debts advertisementRelated Links:Nightmarish consequences for $15 overdraft 8 smart ways to spend a hefty windfallStudent loans available after bankruptcyRelated Articles:The simple art of budgetingThe secrets of budgetingCreating an emergency fund
Bankrate wants to hear from you and encourages thoughtful and constructive comments. We ask that you stay focused on the story topic, respect other people's opinions, and avoid profanity, offensive statements, illegal contents and advertisement posts. Comments are not reviewed before they are posted. Bankrate reserves the right (but is not obligated) to edit or delete your comments. Please avoid posting private or confidential information, and also keep in mind that anything you post may be disclosed, published, transmitted or reused. We do not permit the inclusion of hyperlinks in comments and may remove any comment that includes a hyperlink.
Get advice for managing credit cards, building your credit history and improving your credit score. Delivered weekly.
Dear Debt Adviser, I have about $50,000 of debt on credit cards. My credit rating is still high. I am considering a debt consolidation loan. Will that adversely affect my credit rating? -- DT Dear DT, The cliche about... Read more