consolidation of student loans means reviewing your credit report, or poorly on your credit score?
July 27, 2010 by admin
Filed under Student loans
Also-What are the effects of a savings account or money market to your credit score, if at all does matter how long the account exists.
It covers only the credit report in case of default. It will probably show where the new company will be paid from the old society. There should be no impact on savings accounts. The credit report indicates you have a student loan if it is open and in repayment, deferment or default
According to the website Consolidation Sallie Mae: Student Loan Consolidation allows you to have your package of federal law student loan according to a new loan with a lower monthly payment at a fixed interest rate. This could in turn your debt to income ratio, which for Calculating reduce credit scores. “http://www. salliemae. com / after_graduation / manage_your_loans / consolidate_student_loans / fedcon_faq. htmSie also really good information on maintaining a good credit rating: http://www. salliemae. com / before_college / planning debtsmart / / restitution / maintain_rating. htm
I have this http://wiz. SC / article studentloans should answer your question, it has good information on student loans.