Re: Specific law forbidding removal of federal loans lates
10-04-2012 03:14 PM
That does not make to much sense to me for some reason. SLs marked paid & closed should still report for 10 years from the date of closure. The age would still be there from the old ones. Unless you are saying that the new loan account severly brough down your AAoA
If AAoA has to do with average account age than yes it did. In addition, the Special Direct Consolidation does not condense down to oone loan but rather herds the past loans into gatergories like, subsidized, non-subsidized and the like. So in my case I had three new account appear. So I got hit negatively with too much new credit and a lower average account age.