With a consolidation loan, the amount of debt owed would still be on your credit report. However because personal loans are ...

Even applying for a debt consolidation loan comes with risks, as it prompts a hard inquiry on your credit report, which can reduce your credit score. Shaky credit doesn’t need any more dents.

and monitoring your credit report regularly. How long does it take for your credit score to recover after consolidation? It indicates an expandable section or menu, or sometimes previous / next ...

Debt consolidation has the potential to help and hurt your credit score, but the overall effect should be positive if you're able to pay off your debt. Many, or all, of the products featured on ...