See our picks for the best debt consolidation loans »Does debt consolidation hurt your credit? Debt consolidation will hurt your credit when you start your debt consolidation. While you'll experience an initial decrease in your credit score, debt consolidation can eventually help you raise your credit score. The change may be gradual, but your credit score will eventually reflect a history of on-time payments, resulting in a higher credit score. Debt consolidation and credit scores frequently asked questionsHow long will a debt consolidation stay on your credit report?

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Persons: Sophie Raseman, Michael Hammelburger, Hammelburger, Renauld Smith, Delinquencies, Raseman, Smith