Does consolidating student loans hurt my credit score
The decision whether you should consolidate your loans is complicated.
Consolidation does not always save you money or make the loan easier to repay.
And one more thing is that you won’t be able to consolidate the student loan.
Regards, Aaronone issue with this kind of credit counseling is that your first payments go toward dues rather than your bills.
You should consider whether you can negotiate settlements on your own and save the fees.
As far as the score is concerned, it will take a hit, but exactly by how many points, it is impossible to say. Your credit card score will not get affected by using a debt consolidation program.