Consolidating student loans lower credit score are there any dating sites uk
One factor that determines credit score is the number of lines of credit that are open.
If consumers have too many, their score will go down.
Today we will discuss the factors that can cause the credit score to increase, and the circumstances in which a credit score can drop.
We will also discuss the reasons that a credit score shift should not be a concern or consideration for most borrowers.
Too many credit inquiries can be viewed as a sign that a borrower is experiencing a financial hardship and is therefore more of a credit risk.
That all being said, the credit score movement shouldn’t be a concern…In other words, the value of a good credit score is the chance to save money.The purpose of refinancing or consolidating student loans is to save money.The desire to improve and protect a credit score is responsible, but it shouldn’t be the first consideration.The value in a high credit score comes from the ability to secure desirable terms in lending.