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The El Paso

How applying for a personal loan affects your credit score

How applying for a personal loan affects your credit score
Photo: KVIA ABC-7 · view original

While taking out a new personal loan can help you consolidate high-interest debt, improve your cash flow, or achieve another goal, it can also affect your credit score. Applying for a personal loan affects your credit score at two separate moments: the hard inquiry when you submit an application,...

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