Well then you now have 20,000 to use towards your debts. You are much better off paying down your debts on your own.
it may not be useful while some one is educating and is student , because u have a very sort income resource , however it will be good in your personal loan I'm really confused about debt consolidation!!The differences 1) No bankruptcy on your credit report for 7 or more years.2) Completely optional.You don't have to include every creditor and your creditors don't have to accept any proposal.That too will make your score drop (b/c your increasing your balance to limit ratio).One more thing, all your debts don't have to be paid off in order for you to get a house. Best of luck and b4 you know it, you'll be unpacking in your new house.