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What is Debt Consolidation and How Does it Work?

Better Credit Blog

If you take out a loan secured on your house or another asset and you don’t keep up repayments on it, the loan provider could seize that collateral. But, in the longer term, debt consolidation often improves your credit score. If you’re not missing or making late payments anymore, your creditworthiness will increase.

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New rule would eliminate medical debt from credit reports

Collection Industry News

It finalized, it would: Remove exceptions that let lenders use information about medical debt to make determinations about someone’s creditworthiness. Prohibit credit reporting agencies from including medical debt on credit reports sent to creditors if the creditor is prohibited from considering it.