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Student Loan Balance

Member

Student Loan Balance

Hello,

 

I am looking at my student loans on my credit report and they are in deferment. They started off at a credit balance of 100% but now since interest is accumulating while they are in deferment it says that my credit balance on these loans is 114% which means it's 14% over the balance that I was loaned. I think is now hurting my credit score when they calculate my score.

 

Anyone ever dealt with this situation? Is there a way to fix it?

 

 

Thanks

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1 REPLY
Valued Contributor

Re: Student Loan Balance

It shouldn't be hurting your credit score at all, compared to if the balance only reflected 100%. But it also isn't helping it either.
Message 2 of 2