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Students loans consolidating

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Anonymous
Not applicable

Students loans consolidating

So I just consolidated all my student loans because without that my credit report will show 22 open loans. So my question is will that increase my score once it shows they balances on them paid or will it hurt my score.

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1 REPLY 1
brittbratt
Member

Re: Students loans consolidating

The previous student loans will continue to show on your report as closed.  You will also have a new account that may lower your AAoA. When I consolidated it didn't affect my score one way or the other, but YMMV.

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