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Does debt consolidation affect your credit score?

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Since a credit score can depend on how many different accounts have outstanding balances, it's possible that debt consolidation can indeed improve your credit score.

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First answer by Joe Sewell. Last edit by Joe Sewell. Contributor trust: 953 [recommend contributor]. Question popularity: 65 [recommend question]

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Answers.com > Wiki Answers > Categories > Business and Finance > Personal Finance > Debt and Bankruptcy > Debt Collection > Debt Counselors and Consolidation > Does debt consolidation affect your credit score?

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