Collections Credit Counselor Debt Consolidation Education 
Credit Corp
FEBRUARY 9, 2024
Each option has its advantages and drawbacks as well as a distinct impact on your credit score, both short term and long term. A debt consolidation loan adds a new account to your credit report, which can briefly cause your score to drop. Counselors may offer free or low-cost consultations and educational materials.
Better Credit Blog
APRIL 11, 2022
If you have a low credit score, it’s harder to borrow, and you could pay higher interest rates to counter the financial risk you pose to creditors and lenders. You may be sent to collections. If you’re past due on your card and loan payments and your grace period has ended, it may go to collections. Debt Consolidation.
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