Potential disadvantages of debt consolidation include requirements for good-to-excellent credit for some methods, the risk of falling behind on mortgage payments if unsecured debt is added to a mortgage, and the risk that a single missed payment on a consolidated loan can significantly damage a credit score.

Authors

• Person: Not available Organization: Money Management International
  Debt Consolidation Programs - Money Management International

Sources

• Debt Consolidation Programs - Money Management International www.moneymanagement.org Money Management International via serper

Referenced by nodes (2)

• debt consolidation concept
• credit score concept