Does Debt Consolidation Loan Affect Your Credit Score
                     Does Debt 
Consolidation 
Loan Affect Your 
Credit Score?
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How to check 
your credit 
score
Debt consolidation is the best step to 
save money and stay stress-free. 
Situations may force you to go for 
multiple loans, but that should be 
consolidated soon. Debt consolidation 
improves your credit health. Keeping too 
many EMI and giving a rate of interest 
can be very expensive and burdensome. 
If you use a personal loan to consolidate 
all your debt into one single loan, that’s 
a good idea. This way, your burden goes 
and you need to pay only one EMI. Debt 
consolidation does not hurt your 
credit score rather it improves it. 
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What is debt consolidation? 
When you consolidate your debt, you just pay one 
EMI and there are low chances that you will delay 
and default. For debt consolidation, a personal 
loan fits well because it is affordable and flexible 
for any kind of usage. You can easily have a 
personal loan as it is affordable and will not give 
you a high EMI. This will be a good step to stop 
yourself from being in a debt trap with multiple 
ongoing debts. 
 
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Why check my credit 
score? 
Debt consolidation is the process of finishing 
off all the multiple loans with one debt. You 
calculate the pending amount of the total loan 
you have, and with a new loan settle all the 
multiple dues. This way you will only have one 
loan and one EMI to pay every month. Different 
dates, different EMI, and various rates of 
interest can be a huge burden. Debt 
consolidation is a good idea to bring your 
finances on track with a personal loan. 
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Consolidate debt with a personal 
loan to increase your credit score 
Debt consolidation helps you to stay away 
from debt burden and trap. This way it will 
actually improve your credit score. When 
you have ongoing multiple loans, you end 
up delaying and defaulting your loan as it 
becomes expensive. This way you will end 
up hurting your credit score. But when you 
consolidate your debt, you will work on 
improving and building your credit score. 
With a single debt, you will pay your bills on 
time and it will help you get the best credit 
score that you have been looking for. 
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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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