Opening a new loan or credit card for debt consolidation can negatively impact an individual's credit score by decreasing the average age of their credit accounts.

Authors

• Person: Ben Luthi Organization: Experian
  Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian

Sources

• Bankruptcy vs. Debt Consolidation: Which Is Better for You? - Experian www.experian.com Ben Luthi · Experian via serper

Referenced by nodes (2)

• debt consolidation concept
• credit score concept