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Is Debt Consolidation Bad for Your Credit?

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curiousmindmagazine.com
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When it comes to credit scores and blemished credit histories, is debt consolidation bad for your credit and how does it affect credit score? Did you know that almost 40% of Americans have either a poor or bad credit score?

If you are currently struggling with keeping up with multiple payments from student loans or credit cards every month you might be considering debt consolidation.

Are you wondering is debt consolidation bad for your credit? We are going to share more about, if and how it affects your credit score. What Is a Debt Consolidation Loan? Before we dive into how your credit is affected let’s talk a bit more about debt consolidation loans and what exactly they are.

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