NO.

How course that? You decent read the world’s shortest blog.

I may be a man of scarce words, actually just one word, but my words are even ad better powerful than the semi-popular teenage alien superhero duo of Zan & Jayna. That’s right, the admiration Twins! Actually, near boasting about my one word blog I have now ad afar exceeded that loneliest number, darn!

Consolidation is merely shifting your loans from piles A, B, and C and condensing them into pile D. That doesn’t hurt your Brownie points at all, in fact in innumerable cases it helps because your monthly payment is a lot lower after reorcement and your credit report determination reflects a Paid degree next to each loan complicated in the consolidation which adds points to your FICO score.

Now if you were to do a due settlement where a third party was involved in negotiating your mass of debt down, than that could contact your credit negatively. Instead of a Paid status it would carry a Settled or Settled for Less than entire Balance status.