treese1981

Consolidate your loans. It makes your life easier and it brings down your rate. The one I'm under, Educational Loan Co., gives me a 2.5% reduction on my rate after 4 years of payments. That was the lowest I could find. You should also make sure you're paying over the minimum required payment on loa...

Agreed, but you should also add that it will hurt your credit if you close credit card accounts that you don't use, as that also will add to your balance to available credit ratio. Conversely does it then help to have MORE unused accounts?