Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Credit Scores
Profile Image

Question By
dalxp26

0 Contributions
0 People Helped
I recently consolidated 4 student loans. Now i have 4 closed a counts and 1 open,
how can i make my credit rise?

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
935 Contributions
132 People Helped

Your credit score will raise as you make payment and lower the principal of the amount you owe on the student loan.   View the amount of interest you are paying monthly as compared to the original loan amount.   Then increase your payments so that you are paying more then the minimum due every month.    As the debt is paid down, your credit score will increase.   In addition, ensure that your other credit items are paid timely as well.  

Top Contributor
7362 Contributions
3808 People Helped

Helpful to 0 out of 1 people

The clearly expressed purpose of Credit Karma is to teach people how credit works and tell them how to raise their credit score.  They do this very well through the articles and interactive financial tools.  I read the articles,put some suggested actions into play (not difficult) and now enjoy a very good credit score, and I am a retiree on a fixed income.

Consolidating the student loans was a good action,  Getting them  paid off as quickly as possible is better, and building and using a diversified credit portfolio is best.  

Results 1-2 of 2Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.