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Consolidating and Credit Score

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Anonymous
Not applicable

Consolidating and Credit Score

I consolidated my student loans so I wouldn't have to pay on them while I have transferred to another school ( it was longer than 6 months trasnferring ) and I was told my score would go up once I did this....but i'm not seeing any improvement.  It was in March that I consolidated.

Message 1 of 4
3 REPLIES 3
laz98
Senior Contributor

Re: Consolidating and Credit Score

did your school tell you that?  i've never heard that, but i can't say it's wrong....when did you last check your scores?

Message 2 of 4
Anonymous
Not applicable

Re: Consolidating and Credit Score

The loan people told me that before I consolidated....

Message 3 of 4
BrandonSS
Frequent Contributor

Re: Consolidating and Credit Score

my monitoring service says that i currently have too many installment loans and if i were to consolidate my student loans to one my score "prediction" goes up 20 points.  I know thats not at all accurate.  But that is what mine says.

3/2010 - EX 555 (FAKO) EQ 542 TU 548
GOAL: 680+
Goal exceeded! - EQ - 712 TU - 701
2/2015 - 750+ across the board!
Message 4 of 4
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