Will Consolidating Student Loan Debt Hurt My Credit Score?

Will consolidating my student loans hurt my credit But how does consolidating student loans affect your credit? But what are the real benefits of consolidating your student debt? And how will it impact your credit? Many people think of their total student loan debt as one lump sum. Mortgages and auto-loans also fall under this category. Because installment loan balances fall over time, credit score algorithms — such as FICO — treat them differently than credit card debt and other types of revolving debt. Why is this a good thing?

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News Consolidate Your Loans Consolidating your student loans can save you time and money. Find out how to consolidate and pros and cons of each path. Choose Your Debt Amount By clicking this link, you will be directed to the website of one of our affiliates who specializes in student loan financing. We receive a fixed marketing fee for providing this service.

How Do Student Loans Affect Credit Scores?

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