 TITLE: The Difference Between Debt Consolidation Loans and Debt Management Programs CONTENT: What Credit Score Do I Need?\n----------------------------\nIn most situations, your credit score really only comes into play when you have to apply for new credit. Lenders will want to see that you are creditworthy and will use your credit history and scores as an indicator.\nIf you're looking to get a debt consolidation loan or balance transfer credit card, your credit scores are going to get reviewed by the lender. The higher your credit score, the higher the probability you'll get approved for your new loan or card. But that doesn't mean you have to have perfect credit. In fact, there are many debt consolidation loan options that are geared for people who have less than perfect credit scores. Ultimately, if you have a higher credit score, you may be eligible for favorable terms and conditions on your new loan.\nWith a debt management plan, there are no credit score requirements as you are not applying for any new debt. These plans are often used by people who are looking to protect or help rebuild their credit. END