2006-11-30 03:52:04 · 10 answers · asked by Anonymous in Business & Finance ➔ Renting & Real Estate
If your student loans are currently deferred (not required to make payments) for more than 1 year, it's possible to exclude them from your debt ratios under FHA and VA loan programs.
Almost all other loan products will require that they count against you, whether you are currently making payments or not.
And they will all affect your credit rating. In fact, student loans can be particularly dangerous after you've consolidated them. Even after consolidation, usually you will still have multiple underlying accounts being reported to the credit bureaus. Miss one consolidated payment, and you could show multiple late payments on your credit report. Ouch.
2006-11-30 05:41:55 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes! A loan is a loan and as long as the money is owed it counts against you as a debt. If you default and don't pay or pay late on the student loan it will show up on your credit report too.
2006-11-30 03:56:02 · answer #2 · answered by cajohnson667 3 · 0⤊ 0⤋
Very simply, Yes. Student loans are debt and they do show on your credit report.
2006-11-30 04:47:18 · answer #3 · answered by AJ 7 · 0⤊ 0⤋
Debt is debt.
Student loans are typically the more 'common' occurence found on an applicant's credi file but it is still a factor that is reviewed when you apply for a home loan.
2006-11-30 03:58:04 · answer #4 · answered by The First Lady 5 · 0⤊ 0⤋
Yes, they do!
All your loans (car loans, personal loans, student loans) tell the lender how good or bad of a credit risk you are. As well as, how much debit you currently have outstanding. If you defaulted on your student loan it will show on your credit score too!
2006-11-30 06:30:55 · answer #5 · answered by alysiallen 2 · 0⤊ 0⤋
Yes they do. If it's a loan, it is considered debt until it is paid off. The time it takes you to repay that debt is scrutinized. Your whole financial history is reviewed, this would include your student loan.
2006-11-30 04:06:05 · answer #6 · answered by Ms. V 2 · 0⤊ 0⤋
look on the mess the main significant international places' economies are in. All because of the fact of borrowing money. in case you like the student loan for college and don't have the different recommendations, then take it out. do no longer take out a "student loan" only to get a deposit on a house. make the effort and shop. My significant different's father only bought his domicile and with the money, paid money for a plenty smaller domicile. No financial employer would be waiting to foreclose on him, ever.
2016-10-13 10:40:10 · answer #7 · answered by fugere 4 · 0⤊ 0⤋
Usually. If you have bad debts from student loans they will drag your credit score. If you pay them, but they're in someone else's name (like your parents) you don't get credit for them.
2006-11-30 03:55:00 · answer #8 · answered by Kat H 6 · 0⤊ 0⤋
yes...if you don't pay them on time or not at all, they will show poorly on your credit report. they are an open line of credit just like anything else
2006-11-30 03:53:56 · answer #9 · answered by Queen B 6 · 0⤊ 0⤋
Fo sho.
2006-11-30 03:54:47 · answer #10 · answered by libby 2 · 0⤊ 0⤋