answer:Your eligibility for a credit card or loan with a decent amount of credit would depend on your credit report and credit history. Lots of open credit accounts, late payments, and number of inquiries into your credit report will go against you on your credit report making it harder to gain a line of credit or to get a loan. As far as time frame for debt consolidation, depending on whether you are consolidating student loan debt or credit card debt and the lender you are looking to consolidate with. Both will look into your credit report for information.