cancel
Showing results for 
Search instead for 
Did you mean: 

Does credit drop when loans go into repayment?

tag
loviedovie
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: 580
Current Score: 754
Goal Score: 800


Take the myFICO Fitness Challenge
Message 1 of 3
2 REPLIES 2
SCF
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).

Message 2 of 3
bahbahd
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. 

Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.