when you get consolodation loan the lender pays off all of the loans you want taken care of. for example you have 5 different loans that amount to a total of 25000.00. the lender that you are getting the consolodation loan from will pay each account in full in your name and you will have taken out a loan for 25000.00 however these accounts may show up as a transfer on your cbr until the consolodation loan is paid