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Frost1
July 3, 2019
Question

Debt consolidation

  • July 3, 2019
  • 1 reply
  • 0 views
Is it beneficial to my credit for me to get a loan big enough to cover my student loans and all other debts? I should be able to get a better apr

    1 reply

    A
    Anonymous_
    Employee
    July 3, 2019
    @Frost1 wrote:
    Is it beneficial to my credit for me to get a loan big enough to cover my student loans and all other debts? I should be able to get a better apr

    While it could very well be beneficial to you in terms of a lower APR, it will probably have a negligible impact on your credit score since you are consolidating rather than reducing your level of debt.

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