If I consolidated my student loans, would that raise my credit score?
Nov 18
Student Loans Q&A Congress, credit score, interest rates, loan accounts, loans, seperate, student interest, student loan 3 Comments
I haven’t consolidated my loans yet b/c I have heard rumors that congress is going to help lower student interest rates, so I’m taking a gamble and hoping the rates will lower. I have 11 seperate student loan accounts. Would my credit score go up if I consolidated, since I would then have 1 instead of 11 accounts? Would it be better in regards to my credit score to leave them as is?
Current score is about 650.
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