How can debt consolidation affect my credit score if I miss payments?

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asked Mar 13 in Answerpail by boygoldme (4,320 points)
Missing payments on a debt consolidation loan or credit card can have a negative impact on your credit score and make it more difficult to qualify for credit in the future. It's important to make on-time payments and to communicate with your lender if you experience financial hardship or are unable to make your payments as scheduled.

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answered Mar 13 by tennisboy (5,080 points)

When you take out a loan, you are sure that you can pay it off. But life is complex and unpredictable. When my loans began to take away my entire salary due to high interest, I decided to turn to Silverlake Financial for help. You can read about the silverlake financial review. The company offered me good terms of cooperation with them, to which I immediately agreed. Now it has become much easier for me to live and I am very glad that I turned to them.

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