cancel
Showing results for 
Search instead for 
Did you mean: 

Student Loan defferment question

Frequent Contributor

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


Take the FICO Fitness Challenge
2 REPLIES
Moderator Emeritus

Re: Student Loan defferment question

Deferment has no impact on your scores.
Frequent Contributor

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