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Debt Consolidation Loans

Combine several loan obligations into one for simplified, streamlined, and cheaper debt repayment with one of the featured debt relief loans and save money.

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Frequently Asked Questions

Important information for debt relief loans.

What credit score is needed to qualify for a debt consolidation loan?

There are no universal credit requirements to qualify for borrowing for personal loan consolidation. Different lenders are willing to work with borrowers of different credit levels. However, having high credit scores will get you friendly interest rates and fees, while low credit scores get you higher interest rates and fees.

Does debt consolidation hurt credit?

Yes. Initially, consolidation loans lower your credit scores, but the scores improve over time as you make payments. However, you can reduce the impact on your credit by not taking on new debts and staying under your credit limit.

For how long will a debt relief loan hurt my credit?

Even though you’re setting multiple accounts with a consolidation loan, your credit report can be negatively affected for seven years, since the settled accounts will remain on your credit report for that long. However, your credit scores recover much sooner as you keep up with your debt payments.

Get a Personal Loan for Debt Consolidation

Debt relief loans make paying your credit obligations easier by giving you a longer repayment term, lower interest rate, or both. They free up your money, increase your cash flow, and you can reach your money-saving goals quickly.

Explore the offerings featured on LendMeMoney.com and find the right fit. Our summaries highlight critical details about each offer, making it easier to understand and compare offerings. For more information and help making an informed choice, contact us. We’ll help you get the best deal!