{ "@context": "https://schema.org", "@type": "FAQPage", "mainEntity": [{ "@type": "Question", "name": "What types of debt can I consolidate with a personal loan?", "acceptedAnswer": { "@type": "Answer", "text": "Personal loans can be used for many types of debt, from medical bills to car repairs to credit cards. However, they typically aren’t used for secured debt, like a mortgage." } },{ "@type": "Question", "name": "Does consolidating my debt with a loan hurt my credit score?", "acceptedAnswer": { "@type": "Answer", "text": "The effects on your credit score are nuanced. In the short term, you could see a dip. But if you’re responsible about making payments on time your credit score should eventually increase." } },{ "@type": "Question", "name": "Is it hard to get a loan to consolidate debt?", "acceptedAnswer": { "@type": "Answer", "text": "Unsecured loans will be issued based on your credit history and your DTI ratio. If you have good credit, the process is usually straightforward and often quite fast. If you have a low credit score, it can be harder to find a lender willing to issue you a loan, and even if they do, they’ll likely charge you more in interest." } },{ "@type": "Question", "name": "Can I consolidate student loans with a personal loan?", "acceptedAnswer": { "@type": "Answer", "text": "While technically possible it is not recommended that you do so for Federal student loans. Federal student loans come with some flexibility, such as income-based repayment plans that you would lose access to by doing so." } }] }
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