Does Debt Consolidation Loan Affect Your Credit Score?
Debt consolidation is the best step to save money and stay stress-free. Situations may force you to go for multiple loans, but that should be consolidated soon. Debt consolidation improves your credit health. Keeping too many EMI and giving a rate of interest can be very expensive and burdensome. If you use a personal loan to consolidate all your debt into one single loan, that’s a good idea. This way, your burden goes and you need to pay only one EMI. Debt consolidation does not hurt your credit score rather it improves it.
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