Consolidating to a
A credit score is derived from items reported in your credit file.
It uses a complex mathematical algorithm to come up with a score that predicts whether you are more or less likely to default on your next loan.
If your financial health is strong, the measures will reflect it.
It can also be a way to get into repayment plans you otherwise wouldn’t be eligible for.
But that doesn’t mean consolidation is always a smart move.
Each of them may have different terms, including interest rates.
Consolidating those loans into a single new one can simplify your payments, especially if your loans are with different loan servicers, the companies that oversee your payments.