I am in the process of rebuilding my credit. It has been a year since I have paid about 90% of my consumer debt by way of a refinance. I have Thousand dollar of consumer debt left, will obtaining a loan at a lower rate of interest in order to pay off my remaining debt effect my credit score positively? The two debts are from credit cards, one card is at its limit and is active, the second is at 60% of its limit and has been closed by the grantor.
