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After becoming a new member of ING Direct bank (the current holder of my E-fund), I noticed a deal that looked very difficult to pass up. The question is whether or not it would damage my credit report to see if I can do it. I've just unleased a plethora of Foolish budget busting consolidating.

1) Consolidating my student loans down to 1 8.25% APR Loan (Down 1%). Approximately $24,000 in debt ($8000 in my name, $16,000 in my moms). I'm paying on both of em since it was my education.

2) BT my now closed Keybank credit card to my fleet card for a 9.99% APR till the debt is gone. Approximately $3100 in debt here

3) Took a loan out at my credit union for $3400 to pay off a higher interest loan, the APR is now 13.5%.

ING offers a nice low 8.95% Variable APR loan that I should be able to get. My problem is that I have done all that debt moving within the last month and a half. My intuition tells me that it would be damaging to my credit report to plop both those loans into the ING loan, but that APR sure is tempting... Any suggestions?

Thanks in advance! :)

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