I have been working on my credit score for the past year and I finally got it up to 620 now it in the 500's, I recently started nursing school and it s out of state so therefore I had to take out multiple loans to cover my tuition. Did taking out the loans affect my credit score? they aren't in repayment b/c I am in school
2007-01-10 17:26:40 · 4 answers · asked by *sexy mocha* 4 in Business & Finance ➔ Credit
Do they affect my credit score if all the loans are DEFERRED! I do not have to repay them until I finish school
2007-01-10 17:37:21 · update #1
they do affect your credit scoring even if deffered some lenders will even budget up to 2% of your deffered balances depending on their guideline on the amount owed
2007-01-10 19:07:15 · answer #1 · answered by Anonymous · 0⤊ 0⤋
Yes - any time you make out applications and your credit is run you take a hit. Your credit usually recovers in a few months but they will still show up even if they are deferred.
2007-01-10 17:52:26 · answer #2 · answered by Jen 2 · 0⤊ 0⤋
Student loans definitely affect your credit score. Keep them paid up on time !!!
2007-01-10 17:33:59 · answer #3 · answered by Bill P 5 · 0⤊ 0⤋
definatly it will help with your credit score.
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2007-01-10 18:37:38 · answer #4 · answered by shahab a 1 · 0⤊ 0⤋