debt consolidation is nothing more than getting one loan to pay off all previous loans and then paying off that loan. It doesn’t negatively affect your credit as bankruptcy would as bankruptcy is asking your creditors to forgive your debt after proving that it is impossible to pay them off.
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debt consolidation is nothing more than getting one loan to pay off all previous loans and then paying off that loan. It doesn’t negatively affect your credit as bankruptcy would as bankruptcy is asking your creditors to forgive your debt after proving that it is impossible to pay them off.
The case wouldnt that is the case wouldnt you are done with the debt consolidation wouldnt you just be viewed as bankruptcy.