08-10-2007 08:00 AM
08-10-2007 08:35 AM
vaupinya1 wrote:My husband and I are thinking of doing a consolidation loan, but we will have to close out the accounts that are paid off. Do you think our FICO scores will take a big hit? We have history dating back to 1997. We could save so much money by doing this plus we want to buy a new vehicle soon. But we are not sure how this will effect our reports.