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Does credit drop when loans go into repayment?

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Regular Contributor

Does credit drop when loans go into repayment?

I am in school and wondering if my credit score will drop when my loans come out of deferment and into repayment...


Starting Score: EXP 615 | TU 610 | EQ 635
Current Score: EXP 719 (lender pull 10/15) | TU 707 | EQ 700 (lender pull 10/25)
Goal Score: 740
2 REPLIES
Valued Contributor

Re: Does credit drop when loans go into repayment?

Your loan status should have no impact on your credit score (deferred vs. in-payment).

Established Contributor

Re: Does credit drop when loans go into repayment?

I do not think the loans repayment status even appears on credit reports. When deferred, you will have OK status for each month as if it was paid. The one thing that does report is the higher balance as the interest accrues.