cancel
Showing results for 
Search instead for 
Did you mean: 

Does private student loan have same impact on credit as government student loan?

tag
daddyofprecious
New Member

Does private student loan have same impact on credit as government student loan?

I understand that my federal student loans have very little impact on my credit score while I am in school and the loan is in deferment.  Does a PRIVATE student loan have the same low impact while in school and is deferred?  Any reliable feedback would be great!!!

Message 1 of 3
2 REPLIES 2
Anonymous
Not applicable

Re: Does private student loan have same impact on credit as government student loan?

Both are installment loans and looked at the same

Message 2 of 3
Shogun
Moderator Emeritus

Re: Does private student loan have same impact on credit as government student loan?

+1  They are scored the same.

Starting Score: 504
July 2013 score:
EQ FICO 819, TU08 778, EX "806 lender pull 07/26/2013
Goal Score: All Scores 760+, Newest goal 800+
Take the myFICO Fitness Challenge

Current scores after adding $81K in CLs and 2 new cars since July 2013
EQ:809 TU 777 EX 790 Now it's just garden time!

June 2017 update: All scores over 820, just pure gardening now.
Message 3 of 3
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.