Does consolidating student loans affect my credit score

If a person is unable to demonstrate an ability to repay debt, his or her request for a loan will be denied.

Married couples generally maintain two separate credit records and histories.

We put together this guide to help you get information on all of the top student loan refinance lenders without having to jump around multiple websites.

After you are done, you will know how to refinance and consolidate student loans. You may now have a general idea of how to refinance student loans and how to consolidate student loans, as well as the basics of what each lender offers, but there is much more information you should know before choosing a lender.

With an average balance of ,400, student debt is a big part of the average college graduate's life.

At Lend EDU, we help borrowers compare the top student loan companies in one place.

And the fact that many people do just that is why the action will temporarily cut your rating.

It uses a complex mathematical algorithm to come up with a score that predicts whether you are more or less likely to default on your next loan.SEARCH RATES: If you're considering a personal loan for debt consolidation, first check out the rates at Moving the balances of your credit card accounts into an installment loan for purposes of consolidation may cause a slight drop in your credit score.Today, the answer to that question is probably yes!7 out of 10 graduates are now graduating with some form of student loan debt.

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In theory, debt consolidation should not have a major impact on your credit score.

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