The Consequences of Student Loan Refinancing and Consolidation on Credit Reports
Consolidation and refinancing can have temporary and long-lasting impacts on your credit report.
Latest Posts in Consolidation
Should I Consolidate My Federal Loans Into A Private Loan?
Private consolidation of federal loans has major risks and major rewards. With no way to undo the decision, borrowers need to be certain they’re not making a mistake.
Student Loan Consolidation and Refinancing: Is it Good or Bad for my Credit Score?
Consolidating or refinancing student loans usually impacts borrower credit scores. However, the impact is typically small and short-lived.
Consolidation and Refinancing with Fedloan Servicing (myfedloan)
MyFedLoan may be a headache, but borrowers have plenty of options for refinancing and consolidating their federal student loans.
The Biggest Parent PLUS Loan Mistake…
If you manage your Parent PLUS loans wrong, it could result in permanent double payments for all of your federal student loans.
Consolidation and Refinance Options for Nelnet Federal Student Loans
Borrowers with federal student loans serviced by Nelnet may wish to consolidate or refinance their loans. Both options have major pros and cons.
How long does student loan consolidation or refinancing take?
The biggest variable in both the refinance and consolidation timeline is usually the borrower.
Federal Consolidation and the Student Loan Forgiveness Clock
If you are counting down the months until student loan forgiveness, consolidation has a huge influence on the clock.
Rehabilitation or Consolidation for Defaulted Student Loans?
Consolidation is a quick fix to defaulted federal student loans. Rehabilitation takes a bit longer but has some major advantages.