If you are considering debt consolidation using a loan then you need to consider the question of does a debt consolidation loan hurt your credit score? Debt consolidation can be a good way to help you manage your debt and can make it easier to pay down the debt process. Depending on how you go through the process of debt consolidation, a loan can have an impact on your credit score. It can help your credit score in some ways and in other ways it can hurt your credit score.