Should paying down my student loan boost my score?

[Macdoll30]

If I were to start paying $100 a week (or every two ) on my students loan would that make my credit score increase or would it have no affect because it's an installment loan? I ask because I completely pd off my car loan early after having some baddies along the way and paying it off had no effect on my score

[Rikku]

The balances on installment loans play a very small role in your credit score, so unfortunately, paying them down does not boost your score. If you have CC debt, you will get much more of a CS boost by paying that down, as CC utilization is important to your CS. That said, if you don't have CC debt or other debt that's at a higher interest than your SLs, you'll save a lot of money in interest if you pay your SLs off early. Working on that right now, myself!

[ptilda]

Thanks for asking! I need this info too. I'm paying some of my school loans just so I don't have to worry so much about when I graduate. But it's a relief that it won't affect my CS