Will Consolidating my student loans affect my credit score?

Jun 232010
 

I asked this in the general credit forum but maybe it would be easier addressed here since no one seemed to have an answer there.

 

I have 2 student loans which are in good standing, always paid on time I have never been late. I recently received an offer to consolidate them which would get me a lower interest rate and lower monthly payments. My question is will this negatively impact my credit rating? I have no problem paying them as they are now but it seems to make sense to take the lower interest rate and smaller payments if it will not be detrimental to my credit. I am looking to buy a house by the end of the year and I don’t want to do anything that will lower my score.

 

Thanks

Will being added as an authorized user to my dad’s 40 year old gas card help my score?

Apr 182010
 

My credit history is 6 years old, my dad said he will add me to his 40 year old gas card that is always paid on time. I was wondering if this will increase my score much? I need to boost my score by 30 or 40 points for a loan. I am having a judgement removed as well, any advice is appreciated.

 

Will becoming authorized user on dad’s gas card and credit card raise score?

Apr 162010
 

My fico score is 561 right now. I need to get it to 620 for USDA or FHA loan. My dad will add me as an authorized user on his gas card that is always paid on time and is 20 years old. Will this raise my score at all? Also, he will make me an authorized user on a year old credit card with $5,000 limit and a $500 balance, will that raise my score at all? Also, I am getting a judgement removed for a car repo of $10,000, how much will that raise my score? Any info is appreciated.

Citi APR increase

Feb 042010
 

Citi just raised my interest again for no reason.  About a year ago it went from 12.99 up to 19.99%.  I called and they reduced it to 13.49%.  Now it’s back up to 17.49%.  I’ve always paid on time and have a good credit history.  They’re my oldest card (6 years) and highest limit (13,500), so I’d rather not close the card (I’m 26).

 

Do you think they’ll lower it again?  Why do they keep doing this?

Message Edited by tianapb725 on 02-03-2010 09:52 PM