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Frequent Contributor
jenkins
Posts: 278
Registered: ‎04-29-2007
0

Student Loan defferment question

I am about to place my larger student loans in defferment to pay off my private student loan through sallie mae and another smaller oan through them faster.  Also i have wives rings basically i am placing the student loan in defferment so i can pay off these faster and work on that student loan later.
 
i know student loans are viewed as an installment like an auto or home loan. how do they effect your score if they are placed in a deferrment? Im doing this in attempt to pay off these smaller loans faster and hopefully increase my credit score.

Starting Score: 643
Current Score: 657
Goal Score: 700


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Moderator Emeritus
Tuscani
Posts: 6,182
Registered: ‎03-29-2007
0

Re: Student Loan defferment question

Deferment has no impact on your scores.
Frequent Contributor
jenkins
Posts: 278
Registered: ‎04-29-2007
0

Re: Student Loan defferment question

thanks i should have done this a long time ago but hey thanks to you all im learning lots of new things, i probably would have had the two smaller ones paid off by now.

Starting Score: 643
Current Score: 657
Goal Score: 700


Take the FICO Fitness Challenge

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