08-15-2012 07:33 AM
I was approved for my first Direct Plus Parent Loan last month. Just curious to know #1 how soon after the loan is disbursed did it report to your credit report and #2 What affect, if any, positive or negative, did it have on your credit once it reported (I already took the ding for the inquiry which actually didn't hut that bad).
Also, how soon after the loan is "disbursed" do you receive information in the mail about repayment and who to make your payments too? If I deferred...will I get any paperwork yet? I'm trying to stay on top of this because I'm new to all this.......
08-15-2012 03:39 PM
Sorry, this is a really slow board. Not too many people venture over here. I do come here a lot, & I did read your post this morning, but I don't have those kinds of loans, or know anything about them to help you out with. You may have to wait until Friday or Saturday to get a more helpful response. Sorry!
myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.>> About myFICO