I was wandering if you had to cancelle all your cr

I was wandering if you had to cancelle all your credit cards once you consolidate? if so does that hurt your credit if you decide to apply for a credit card in the future?

1 Answers

If you are talking about a debt consolidation program, the lenders will most definately shut your accounts down.   You are not paying as agreed  per your card holder agreement.  It will most definately tank your scores.

 

How to Deal with Illegal Loans..OhioGal's Primer
http://www.debtconsolidationcare.com/paydayloan/dealingwith-illegallenders.html
PDL's are ILLEGAL in the following states...
AR, AZ, CT, GA, ME, MD, MA, NJ, NY, NC, PA, VT AND DC
OH AND NH have very restrictive low cost interest rate laws.

SOL for all states
http://www.debtconsolidationcare.com/statute-of-limitation.html

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