Can Debt Consolidation Affect Your Credit Report
                     Can Debt 
Consolidation 
Affect Your 
Credit Report?
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Reduce the 
credit 
utilization ratio
Too much debt means paying a huge 
amount of money in interest and other 
charges. When you consolidate your 
loans, you just pay one EMI, one rate of 
interest, and one charge or fee for a 
single loan. But when you were paying 
for multiple loans, there were several 
EMIs, various rates of interest, and too 
many types of charges on each loan. 
This was very expensive for you to 
handle. You must consolidate debt and 
pay only one EMI. This will help in saving 
a good amount of money and you can 
save a good deal. Stop paying EMI and 
charges for more than one loan at once. 
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Why debt consolidation? 
Consolidation of debt will ensure that you have a 
low-cost loan. Close costly loans like credit cards 
or home loans if you have them. You must always 
start with the most expensive loan and then go on 
to the most affordable loan. Expensive loans are 
very hefty and you must always take good note of 
the first expensive loan. An expensive loan has a 
high rate of interest and the loan EMI is also very 
high. 
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A credit score decides 
whether you get credit 
or not
Too much debt means paying a huge amount of 
money in interest and other charges. When you 
consolidate your loans, you just pay one EMI, 
one rate of interest, and one charge or fee for a 
single loan. But when you were paying for 
multiple loans, there were several EMIs, various 
rates of interest, and too many types of 
charges on each loan. This was very expensive 
for you to handle. You must consolidate debt 
and pay only one EMI. This will help in saving a 
good amount of money and you can save a 
good deal. Stop paying EMI and charges for 
more than one loan at once. 
© Clix Capital Services Pvt. Ltd. All rights reserved. 4
Your credit score invades your 
personal space
Debt consolidation is good. It does not 
harm your credit eligibility and health in 
any way. Every individual at some point in 
time faces a financial crisis. It can be due to 
job losses or a sudden medical emergency. 
However, with a personal loan, it is very 
easy to meet immediate needs. It will not 
only help in handling your expenses in the 
right way but also find a solution to 
emergencies.
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Thank You
For more information please contact:
Clix Capital Services Private Limited
Email: [email protected]  |  Mobile: 18002009898  
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