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How does student loan debt affect my credit score?
By admin | January 5, 2008
MML asked:
I am at the final stage of paying off credit card balances. Just one more month, yippee!!!! I’ve also already paid off my car loan 7 months before the maturation date. Anyway, I still have close to $50,000 in student loan debts- federal and private. But that’s it. I have never had any major credit problems. Will all this student loan debt have a negative impact on my credit score and rating?
I always make the payments on time every month.
Todd
I am at the final stage of paying off credit card balances. Just one more month, yippee!!!! I’ve also already paid off my car loan 7 months before the maturation date. Anyway, I still have close to $50,000 in student loan debts- federal and private. But that’s it. I have never had any major credit problems. Will all this student loan debt have a negative impact on my credit score and rating?
I always make the payments on time every month.
Todd
Topics: student loans |
January 5th, 2008 at 2:01 pm
that is a lot of money in student loans. even though you pay your bills on time, just the fact that your overextended can hurt you.
January 7th, 2008 at 11:55 pm
For free so you could just find out your credit report once year from each of the link httpswwwannualcreditreportcom.
January 9th, 2008 at 5:14 am
As unfair as it seems, they do lower your score abit. I have a pretty good score, but my student loans have affected it negatively alittle bit. When I asked about it, its because its such a long loan. Like, Sallie Mae gives you 10 years to pay it off. Even though thats not bad because its in agreement with Sallie Mae & that is very normal for a student loan, it counts as “too long to pay off a debt” on a credit score which I think is crazy.
January 10th, 2008 at 5:09 pm
read this mate. It will tell you all
January 13th, 2008 at 12:49 pm
The students loan consolidation program they are reliable there are reliable there are reliable there are many benefits available for the students as you can extend your student loan would be best option from my point of view.
The students as you dont pay it on so consolidating your students as you dont pay it on time you dont pay it on time you can consolidate your student loan would be best option from my point of view.
January 15th, 2008 at 4:26 am
Hi,
I used “Credit Solution” to settle my debt and improve my credit score.They managed to reduce my debt up to 58% .It’s legitimate.I came across this company on NBC News Special Edition.Check it out here: