Ask The Get Out of Debt Experts Debt Consolidation Loan

Does Your Program Damage Our Credit Rating? – Ruth

“Dear Steve,

My husband and I both work…. have gotten into cc debt a couple of years ago with oil pricing going over the top and apartments that needed heating. We have not used our cc’s in just about 1 year. We have taken 2 Citicards and turned them into a no interst loan but have a few more that are not as easy to convert.

How do you get paid? Does your program damage your credit rating?


Dear Ruth,

I think you might be slightly confused. I don’t offer any programs. I give advice for free.

If you are looking for a way to consolidate your debt that will not hurt your credit I’d suggest you look into the programs offered by the person-to-person services. A debt consolidation loan through will be for three years at a fixed rate of interest.

Repayment of your loan through can actually improve your credit rating since your repayment history will be reported to the credit bureaus.

Please update me on your progress by posting updates here in the comments section of your question. I’m very interested in how this works out for you.


You are not alone. I'm here to help. There is no need to suffer in silence. We can get through this. Tomorrow can be better than today. Don't give up.

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About the author

Steve Rhode

Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

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