Is consolidating student loans good for credit score dating questions to ask women

26 May

It won’t prevent you from getting credit in the future, but for a time some credit products will be unavailable to you and others will come at very steep prices.

Also, not all debts can be discharged in a bankruptcy. Collection accounts fall off your credit report after seven years.

7 out of 10 graduates are now graduating with some form of student loan debt.

Debt is costly and can prevent us from reaching financial goals (or at least prevent us from reaching them when we’d like to).

Some people consider credit card debt bad and mortgage or student loan debt good.

At that point, the delinquency stops affecting your credit. Your credit suffers tremendously in the meantime, and since you’re still legally obligated to pay the debt, a debt collector can pursue you until the statute of limitations runs out in the state where you live.

Which strategy will ultimately be the best choice for you depends on your own circumstances, and we can’t tell you what to do.