Student Loan repayment question

[Anonymous]

Hey all, 

My partner has some student loans in deferment while she finishes school. Since they show as installment loans, would it change the reporting/help to start making small payments now? We can easily throw 50 bucks a month at them, but we could also throw that money towards our house down payment fund. 

Any advice is appreciated. 

[gdale6]

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@Anonymous wrote:

Hey all, 

My partner has some student loans in deferment while she finishes school. Since they show as installment loans, would it change the reporting/help to start making small payments now? We can easily throw 50 bucks a month at them, but we could also throw that money towards our house down payment fund. 

Any advice is appreciated. 

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I would not be putting money towards loans that are in deferment.

[RobertEG]

Installment loans are not included in your percent utilization calculation.

Percent util applies only to your discretionary (revolving) credit, not installment.

You dont have a percent util of a loan amount, you have a percent remaining of the original loan balance.

FICO places very little weight on remaining balance of an installment loan in its scoring, as any new loan will be at 100%.

Little scoring advantage to paying off at an accelerated rate...........

[Anonymous]

I'm thinking more for payment history/mix of credit. Utilization we are golden on