Is consolidating student loans good for credit score

[fsb-social-bar]The relationship between your student loans and your credit scores has two stages.

is consolidating student loans good for credit score-84

First, there is getting a student loan or loans for school.

While a credit score is not considered when applying for Federal student loans, a poor one (below 650) can stop an application for a private student loan dead in its tracks.

More than 44 million borrowers owe $1.4 trillion in student loan debt in 2017.

Most of them could streamline the repayment process by consolidating their student loans. Get Financial Help Now It simplifies repayment and could save you money.

Tomorrow my consolidation of 13 student loans will be complet totalling about $45,000. Will the original loan holders now be deleted from my credit the tradelines? ECMC says they can still report derogatory to my credit after consolidaton, but my research says they cannot.

Last modified 14-Feb-2017 21:32