Consolidating student loans hurt iimheretotestify dating

While credit mix is a small factor (about 10% of your credit score), it can give you a little boost if both types show up on your credit report.

According to FICO, 7% of consumers with more than ,000 in student loan debt had excellent scores of over 800 points.Benecia, who has an excellent score of 780, stands to lose even more.A missed payment would drop her score by 90 to 110 points.A bad credit score can cause banks to penalize you with higher interest rates or flat out reject your application.For now, you might be wondering: Do student loans affect my credit score?Loans in default or collections, which often include many late payments, can hurt even more.

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