will consilidating help or hurt one's credit?

By jdpeach
July 17, 2008 in Student Loans

https://creditboards.com/forums/index.php?/topic/350035-will-consilidating-help-or-hurt-ones-credit/

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jdpeach

Posted July 17, 2008

I actually had Academic Loan Group to consilidate. I thought they were supposed to consilidate all loans, but they only consilidated about three or four. So before calling them back to consilidate all my loans, I wanted to ask if this is the right thing to do. Does consilidation hurt or help your credit scores because I have several student loans equally to over 50k.

Also, I have read twice that once the borrower starts paying, their credit scores drop across the board. Is this true? If so, why?

jdpeach

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