Questions About Quarterly Bill Reporting

[golfitup]

Hi, I have a Perkins student loan that was transferred to AMS Serving Group. I have started making payments on it after using up my post-school deferrment period. On my Equifax CR it shows the Terms Frequency as being Quarterly (due every 3 months).

How can I best use this loan to raise my credit score? Will making payments every month instead of quarterly report each month as a positive, thus raising my score each month? (will it report to the CB's each month or only quarterly?)

Thanks!

[DaBears]

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@golfitup wrote:

Hi, I have a Perkins student loan that was transferred to AMS Serving Group. I have started making payments on it after using up my post-school deferrment period. On my Equifax CR it shows the Terms Frequency as being Quarterly (due every 3 months).

How can I best use this loan to raise my credit score? Will making payments every month instead of quarterly report each month as a positive, thus raising my score each month? (will it report to the CB's each month or only quarterly?)

Thanks!

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Hi golfitup and welcome to the forums!!!!!! It looks like they only report every 3 months. I would call them to verify. 

DaBears