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Does having a student loan help or hurt your credit?

Senior Contributor

Re: Does having a student loan help or hurt your credit?

Yes, many of us use more than one monitoring service just as you are describing.  No harm.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 21 of 26
Established Contributor

Re: Does having a student loan help or hurt your credit?


laz98 wrote:

Yes, many of us use more than one monitoring service just as you are describing.  No harm.


Ok, thanks so much. You have been a lot of help and I really appreciate it.

 

I think I will sign up for both of the free ones. It won't hurt I guess.

 

Since I had the block on my TU account a few years ago, I guess I need to call them to have it unblocked so that KarmaCredit can access my TU account. Grrr Smiley Tongue

 

TU: 819 EQ: 821 EX 811


**$7500****$30,000*****$13500****$42,200****$10,000***$10,700*****$6000****$11,000*****OPEN****OPEN******$27,000*****11,000



Message 22 of 26
Senior Contributor

Re: Does having a student loan help or hurt your credit?

You are very welcome Smiley Happy

 

Do you have a fraud alert on your report?  It shouldn't mess up your credit monitoring, but it does happen sometimes.  I have fraud alerts on my reports as well.

Latest scores: Walmart TU: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Message 23 of 26
Established Contributor

Re: Does having a student loan help or hurt your credit?


laz98 wrote:

You are very welcome Smiley Happy

 

Do you have a fraud alert on your report?  It shouldn't mess up your credit monitoring, but it does happen sometimes.  I have fraud alerts on my reports as well.


It's not a fraud alert, it was just a block so no one could pull it.  Pretty much what happened was we were trying to rent a house and the landlord wanted to pull my report (he told us he uses TU), so I had a block put on it so that he couldn't see the negative stuff on it. I pulled the report myself using one of the sites and it gave me a "nice" FAKO score and he accepted it because it wasn't recent and he couldn't pull it. (I guess landlords don't realize that you can get a FAKO score by doing it this way-the same as I didn't realize it either).

 

I hate that people can see a few bad things on your report and think you are a negative payer. If you looked at my report, you would see several mortgage loans ALL PIF AND NEVER LATE for a total of 15-20 years running! I sold my house in 2006 and I can prove that I've even paid my rent about a week ahead of time for every year since. That's what they should be concerned with. So, I guess I freaked out when he said he was pulling it.

 

TU: 819 EQ: 821 EX 811


**$7500****$30,000*****$13500****$42,200****$10,000***$10,700*****$6000****$11,000*****OPEN****OPEN******$27,000*****11,000



Message 24 of 26
New Member

Re: Does having a student loan help or hurt your credit?

  Subscribing to Experian will give their Plus score which I believe is the Experian credit score.


Starting Score: 562-October 2012 (BK discharged)
Current Score: 647
Goal Score: 740


Take the FICO Fitness Challenge
Message 25 of 26
Highlighted
Established Member

Re: Does having a student loan help or hurt your credit?

I use Citi's Credit Monitoring and it gives me an Experian score that is fairly accurate. It reported 699 on 11/30 and lender pull had 705 on 12/3 so, as they say, that's close enough for government work!

Chapter 7 Discharged 6/7/11
Sallie Mae 23k @ 4.5% (student loans) reaffirmed
First Premier 700CL opened 07/11 (CLOSED 06/14)
Wells Fargo 15k @ 10.5% opened 10/11 (auto loan)
Barclays Rewards MC 1500CL opened 12/12
Capital One Spark 2500CL opened 02/14
Discover IT 1000CL opened 03/14
As of 11/20/14 myFICO: EQ 675, TU 657, EX 684
Message 26 of 26