Does consolidating your student loans hurt your credit

Rated 4.68/5 based on 710 customer reviews

Here are answers to some of the most common issues surrounding student loans and how they work.

The student loan market is massive and keeps on getting bigger every year.

does consolidating your student loans hurt your credit-21

does consolidating your student loans hurt your credit-57

does consolidating your student loans hurt your credit-69

does consolidating your student loans hurt your credit-16

Plus, if the company convinces you to close all of your credit card accounts, it may negatively affect your utilization and you have no way to rebuild a rich history by using those cards in the future in a responsible way.

Student loans are one type of debt that can be very difficult to get discharged in bankruptcy.

It is theoretically possible to have all of your debts wiped out except for your student loans when you file for bankruptcy.

Some are afraid that there will be a student loan “bubble” like there was in the housing market and in the stock market.

However, this market is so big and backed by the government that it may be too big to fail.

Leave a Reply