<p>It all depends on the severity of your financial difficulties, as well as what measures are taken to correct them.</p><p>Debt management, <a href="https://wallethub.com/edu/does-credit-card-debt-settlement-hurt-your-credit/25521/" rel="nofollow" target="_blank"><u>debt settlement</u></a> and bankruptcy have a negative impact on your credit standing. However when done right, debt consolidation won’t damage your credit standing in any significant manner. In fact, it will be beneficial in the long run, since it will decrease your odds of default and put you on more stable financial ground.</p><p>You can learn more about debt consolidation in our guide <a href="https://wallethub.com/edu/debt-consolidation-overview/25541/" rel="nofollow" target="_blank"><u>here</u></a> .</p><p>To find out more about how to use debt consolidation wisely in order to improve your credit standing, please go to <a href="https://wallethub.com/edu/debt-consolidation-and-credit/25557/" rel="nofollow" target="_blank"><u>this page</u></a>. </p><p><br /></p>
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