Debt consolidation can negatively impactyour credit score in a few ways. If you get an installment loan and pay on time, for example, your credit score might improve if y… See more

While you can’t avoid all hits to your credit score when consolidating debt, you can minimize the impact and repair damage faster with these tips: 1. Stop using your credit cards… See more

Managing your payments through debt consolidation can offer plenty of benefits, including: 1. Fixed repayment schedule: Replacing variable-rate credit card debt with fixed-r… See more

It’s also important to understand the possible downsides of consolidating debts: 1. Damage to your credit score if you can’t pay: Once your payment is more than 30 days past it… See more