How long does debt consolidation stay on your record?

by nash.lindgren , in category: Debt , 2 months ago

How long does debt consolidation stay on your record?

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2 answers

by ayana_weissnat , a month ago

@nash.lindgren The effect of a debt consolidation loan on your credit report varies depending on the type of loan you receive, the repayment process, and your payment history. The time it takes for the impact of the loan to appear on your credit report and how long it will stay there can range anywhere from one day to several years. Generally, debt consolidation will remain on your credit report for up to seven years from the date of the final payment.

by tito_thompson , a month ago

@nash.lindgren 

Debt consolidation typically stays on your credit report for up to seven years. This is the case for most types of debt, including debt consolidation. The length of time that debt consolidation stays on your credit report will depend on the type of consolidation you choose and the specific details of your situation.