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Sallie Mae Student Loan Consolidation

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creditstalker
Frequent Contributor

Sallie Mae Student Loan Consolidation

I currently have 15 student loans with Sallie Mae which total to about 42,500 in debt.  I will be having my loans consolidated into one loan, and my payments will be around 50.00 a month.  Will consolidating my loans increase my credit score by a large amount?

 

Exp 580

Equ 499

Tran564

Current FICO 08 as of 06/01/2015 TU 648 EQ 624 EX 602
FICO Mortgage Scores TU 594 EQ 540 EX 642

Message 1 of 2
1 REPLY 1
tonyjones
Valued Contributor

Re: Sallie Mae Student Loan Consolidation


@creditstalker wrote:

I currently have 15 student loans with Sallie Mae which total to about 42,500 in debt.  I will be having my loans consolidated into one loan, and my payments will be around 50.00 a month.  Will consolidating my loans increase my credit score by a large amount?

 

Exp 580

Equ 499

Tran564


Nope, and how did you get them to agree to $50 a month on $42,500 in debt, you will be paying that off for 70 years?

Current Fico Scores: (December 2023)
Message 2 of 2
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