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If youre paying off high-interest debtespecially credit card debtyou may be familiar with debt consolidation loans. You can use a debt consolidation loan to save money, get out of debt sooner, or lower your monthly payment, but only if you know how to get approved for a debt consolidation loan. Well help you figure it out with this five-step process.
1. Check Your Credit Score
Your chances of getting a debt consolidation loan that works for you are better if you have a good credit score, usually defined as 670 or above by FICO. Generally, the higher your credit score, the better y…
Read the full article at: https://www.forbes.com/advisor/personal-loans/how-to-get-a-debt-consolidation-loan/