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Your Credit Score May Suffer Your credit score won’t be affected if the debt consolidation agency has agreements with creditors and they don’t inform that you’ve entered a debt consolidation program. Otherwise, your credit score will drop considerably. Nevertheless, within a short time and due to the results of debt negotiation your credit score will begin to rise consistently. If your debt problems are solved by using a debt consolidation loan, your credit score will also drop. However, since your debt exposure will also drop, over the time your credit score will continually increase as long as the loan’s monthly payments are always on time. fsa federal student loan sainsbury personal loans online loan companies bad personal loans