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Factors Contributing to Debt Consolidation Loan Rates

When it comes to debt consolidation loans, the interest rate you’ll pay is determined by a number of factors. Here are some of the key factors that lenders will take into consideration when determining your loan’s interest rate:

Your credit score: This is perhaps the most important factor that lenders will consider. A higher credit score indicates to lenders that you’re a low-risk borrower, and as such, you’ll likely be offered a lower interest rate.

The type of debt you’re consolidating: The type of debt you’re looking to consolidate will also play a role in determining your loan’s interest rate. For example, consolidating high-interest credit card debt will typically result in a lower interest rate than consolidating student loan deb

The Law Offices of Omar Zambrano has already helped thousands of people and businesses in the past to get out of debt and start over.

Our goal is to help you find a fresh start FAST!

Schedule your free consultation today! By Calling 626-338-5505 or visiting us at 12738 Ramona Blvd Baldwin Park CA 91706


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