Does consolidating credit cards affect credit score

02-Mar-2020 03:20

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You want to make sure your finances are in order so you can qualify for a mortgage and keep up with the costs of owning a home.

One way you can get your finances in order is by consolidating your debt.

She has worked in insurance sales and financial planning, helping families to manage their money and prepare for the future.

Taking out a personal loan for debt consolidation can lower your credit score temporarily since it's a large, new account without an established payment history.