How debt consolidation programs affect credit rating?
Debt consolidation loans do not generally have a negative effect on a consumer's credit score, as these loans do not increase the total amount of debt; they simply move it from one account to another.
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Last Updated on: Fri, 8 Jun 2018
Debt consolidation loans do not generally have a negative effect on a consumer's credit score, as these loans do not increase the total amount of debt; they simply move it from one account to another.