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Can Debt Consolidation Help Your Credit Score?

Image sourced from Focus Federal Credit Union. /* custom css */ .tdi_4_37e.td-a-rec-img{ text-align: left; }.tdi_4_37e.td-a-rec-img img{ margin: 0 auto 0 0; } So, you have heaps of debt and finally decided to get help. You’ve settled on debt consolidation, but you’re worried about how the financial strategy might affect your credit. But can debt consolidation actually help your credit score? You may be pleasantly surprised. Why Consolidate Debt? /* custom css */ .tdi_3_d63.td-a-rec-img{ text-align: left; }.tdi_3_d63.td-a-rec-img img{ margin: 0 auto 0 0; } Let’s start there. In short, consolidating your accounts can save you cash. For instance, if you have cards with an aggregate rate of, say, 24%, you can try to consolidate your balances into a new credit card or loan with a lower interest...