I am in the process of consolidating my student loans as well.
However, I have a question. As of now I technically have 45 loan accounts (the large number is due to having both subsidized and unsubsidized federal loans, over the course of 10 years - I'm finishing my PhD right now).
I recently received an email from a rep at CSC, and she said when the loans consolidate, all of the Closed (Paid) accounts will be deleted from my report, so that the only loan account that will appear is the final consolidated loan. Will this hurt me by eliminating what have been a large number of positive tradelines with a long history - some stretching back to 1994?
If so, can I request that they keep the accounts on file?
Is this large number of accounts hurting me in general, even though they are reporting Paid as Agreed?
Message Edited by Neblett on
06-19-2007 12:39 PM