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Does school loan consolidation have any effect on students with bad credit?

Jeffrey Rodriguez

in Student Loans

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Blair Lewis on January 13, 2018

School loan consolidation and its effects on students with bad credit depends on the situation of the person before proceeding with the loan consolidation. For students who are at risk of defaulting on their loans because of high monthly payments, an act that most certainly, the result of a bad credit score, consolidation may offer a lesser month-to-month payment by extending the term of the loan.

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