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Is credit consalidation bad for your credit score?

Nicolerealtor ∙

Lvl 1

∙ 13y ago

Updated: 9/18/2023

Yes it is! A credit consolidation is a bad credit item which ultimately lowers your credit score. It remains in your creditreport till 7 years and constantly affects your credit scores and your credit worthiness.

Wiki User

∙ 13y ago

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Continue Learning about Finance

What is a bad credit score?

425 is a bad credit score.

Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range

Is 629 a bad credit score?

629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.

How bad is a 495 credit score?

i hate my score

Is 577 a bad credit score?

577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.

Related Questions

What is a bad credit score?

425 is a bad credit score.

Is 650 a bad credit score?

The credit score 650 is really not that bad. With a 650 credit score you can finance a home or car.

How bad its 520 credit score?

This is a fair credit score.

Is the credit score of 583 a good score?

583-619 is bad credit score in credit score range

What credit score is perfect credit and what score is considered bad credit?

Credit score that is around or more than 700 is considered to be good and score below 500 is considered to be bad. It is always advised to constantly monitor your credit score.

Is 629 a bad credit score?

629 is not a bad credit score, but it is not great either. A credit score of 629 means you have a medium credit risk. You probably won't have trouble getting a loan or a credit card, but you may not get the best interest rates or terms. You should focus on building your credit history and improving your credit score by making on-time payments and keeping your debt levels low.

How bad is a 495 credit score?

i hate my score

Is 577 a bad credit score?

577 is a fairly poor credit score. To have a credit score that is acceptable, you want your score to be between 620-680.

What does a 499 credit score mean?

bad credit

Is a 689 credit score bad?

689 is a real good credit score! Congratulations!

Is 980 a bad score?

a credit sore of 980 does this mean, I have bad credit??

What if you don't have any credit do you still have a credit score?

Yes you can have credit from before that might be a very bad credit score:(

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