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Does consolidation hurt your credit dogpile. It can. First of all be sure you don't go through one of those credit counseling services if your goal is to buy a house, that can really lower your score, some even compare that to bankruptcy b/c your essentially telling creditors that you can't handle it on your own. By applying for a debt consolidation loan you could actually lose a few points on your score. All your really doing full answer. Debt free in 2448 months consolidate debt of $20k$100k. 2017discounts has been visited by 100k+ users in the past month. Dealing with debt usagov. Dealing with debt. Learn about common debt problems, including filing for bankruptcy. Debt free in 2448 months consolidate debt $20k $100k. Learn more about credit card debt consolidation. Check out now. Lendingtree® loan offers consolidate your debt to 1 payment. Search multiple engines for about debt consolidation. How do debt relief options affect your credit?. Many people ask, what’s the best way to get out of debt? Then they may often think, but i have good credit and i really don’t want to hurt it. 4 ways to get out of debt without hurting your credit. How to get out of debt without hurting your credit. It's possible to pay off debt without harming your credit. In fact, the faster you pay off your debts the more.