cancel
Showing results for 
Search instead for 
Did you mean: 

Making payments vs. deferrment

tag
Anonymous
Not applicable

Making payments vs. deferrment

Could someone tell me if there is a difference on your credit score if you are in deferrment or not. 

My loans are in deferrment currently but if I were to take them out and and show current payment would that boost my score or would it stay about the same?

 

Message 1 of 4
3 REPLIES 3
dragontears
Senior Contributor

Re: Making payments vs. deferrment

over time it will boost your score as the balance goes down and you have positive payments on your report but the effect will not be instant nor fast

Message 2 of 4
Aduke1122
Senior Contributor

Re: Making payments vs. deferrment

Plus 1 on the above reply , the deferment status shows you as paid every mth but with that your balance is never going down any so the longer you are deffered and don't actually pay aby thing to them it could hurt you , like mine says my installment balance us too high , bc I was in forbearance for a long long time , so my balance never went down any .
Message 3 of 4
Aduke1122
Senior Contributor

Re: Making payments vs. deferrment

That shows as a factor that hurts my scoring .
Message 4 of 4
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.