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Posted in Student Loans
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HinyChit

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Does debt consolidation effect your credit score?
I was thinking about consolidating my student loans. I know this is considered a new loan per the loan servicing company. I wanted to know if this would negatively impact my credit score.

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Impact to your score will depend on your credit profile.  It is not simply a matter of the activity itself.  You'll incur a hard pull, you'll reduce your AAoA.

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