With those balances zeroed out, you may feel the temptation to start using those credit limits again.
However, this would mean doubling up on debt – you would still have to make payments on the consolidation loan, plus you would have a whole new set of payments on the fresh credit card debt.
Loan applicants will need a credit score in the mid-600s or higher for easy approval and low rates.
With a credit score below that, it will take some work to find loans for which you qualify.
When debt consolidation is used as part of an overall commitment to reduce debt, it can be a key ingredient for improving your credit rating.