Does consolidating your student loans hurt your credit Online webcam kolkata sex

by  |  13-Oct-2019 10:34

But really, if your credit is that high you’d be better off consolidating on your own with a debt consolidation loan or credit card balance transfer. Any time you miss a payment, you hurt your credit score.

So if you consolidate your debt by transferring credit card balances or by taking out a personal unsecured consolidation loan, you shouldn’t have any credit damage unless you miss a payment.

And if you follow this theory, paying a loan off early might sound like an excellent strategy for building your credit score.

Unfortunately, paying off non-credit card debt early may actually make you less credit-worthy, according to scoring models.

Those are the two biggest factors in determining your credit score.

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