My wife had 32 student loans. She recently consolidated them into two. Now her report shows 34 student student loans. 32 with a zero balance and 2with a balance. With a total of 44 accounts this has effected her credit. Can we changed how this effects her credit ?
Exactly how was your wife's credit impacted? Was there a quantifiable score change? If the accounts are reading $0, it would depend upon the "status" listed with the accounts (i.e any negative comments or status). If they are positive, then they should be helping her credit. A few more details would help clarify, and allow a better answer.
We went ahead and pulled her fico. We both thought we seen in the section "whats hurting your fico score" that the large number of TL's was effecting her score in a negative manner. Now we cannot find this statement or sentence ? Oh well good to know we dont have to try to clear up 32 TL's. Thanks for your help.
It could have said " a large number of "open" TLs", or something to that effect. If the 32 now show as "closed", it should be helping.
