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Debt Relief – Insolvency – Bankruptcy Information » Debt Consolidation and Refinancing » How does this sound? Does it seem true that banks view debt consolidation as a bankruptcy? Will you be able to

How does this sound? Does it seem true that banks view debt consolidation as a bankruptcy? Will you be able to

get a loan after a debt consolidation? Does it depend on the amount of debt or ?

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2 Responses to "How does this sound? Does it seem true that banks view debt consolidation as a bankruptcy? Will you be able to"

  1. flubbety says:
    debt consolidation is nothing more than getting one loan to pay off all previous loans and then paying off that loan. It doesn’t negatively affect your credit as bankruptcy would as bankruptcy is asking your creditors to forgive your debt after proving that it is impossible to pay them off.
  2. Lesley says:
    If you are done with the debt consolidation wouldn’t that mean the debt is all consolidated into one loan? If that is the case wouldn’t you just be paying every month? I don’t know how that could be viewed as a bankruptcy.

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