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Paying Off Student Loans

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Anonymous
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Paying Off Student Loans

I have maybe $4,000 or so in student loans, which I pay on time every month.  Would paying them off benefit my score much? they are fairly low rates, so I don't mind making monthly payments.

 

 

 

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JM-AM
Valued Contributor

Re: Paying Off Student Loans


@Anonymous wrote:

I have maybe $4,000 or so in student loans, which I pay on time every month.  Would paying them off benefit my score much? they are fairly low rates, so I don't mind making monthly payments.

 

 

 


Sadly the answer is no as far as scoring purposes. The best insight about paying them off is you eliminated the debt!

Good Luck
May all your dreams and wishes become a reality!
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