What is Debt Consolidation and How Does it Work?
Better Credit Blog
MAY 4, 2022
If you take out a loan secured on your house or another asset and you don’t keep up repayments on it, the loan provider could seize that collateral. But, in the longer term, debt consolidation often improves your credit score. If you’re not missing or making late payments anymore, your creditworthiness will increase.
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