Apr 1, 2025 · The minimum credit score for a debt consolidation loan varies by lender. Bad-credit lenders accept borrowers with credit scores of 629 or less.

Feb 28, 2025 · Borrowers with good to excellent credit scores (690 to 850 credit score) are the most likely to be approved for higher loan amounts and get a lower annual percentage rate on a debt consolidation loan.

Mar 20, 2025 · Debt consolidation has the potential to help and hurt your credit score, but if you successfully pay off your debt and avoid too much debt in the future, the overall effect should be positive.

Dec 10, 2024 · The best way to consolidate credit card debt will depend on how much debt you have, your credit score and other factors. Here are five effective and safe ways to pay off your credit card debt. 1.

Dec 3, 2024 · A debt consolidation loan should help build your credit score, as long as you use the loan to successfully pay off your debts and you pay back the new loan on time.

Jan 2, 2025 · 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.

Nov 20, 2024 · However, as long as you make all the repayments on your debt consolidation loan, as well as meeting all your other credit commitments, you can improve your credit score.