Fellas,
As some of you are aware that I had recently got lates retracted due to deferment backdating. I now have another issue and wanted to know how to proceed.
I have two Federal Loans that are defered as well but they have never been reported to two CRA. While they are in good standing meaning defered and never late but I want to ask for your opinion to have them reported. Before I wake the slleping snake, I would like to know your opinions.
There are few concerns I have with this though;
a) If they do get reported, it is going to raise my total debt to $29000 (student laons). I have no other debt besides that. What effects it will have on my scoring or over all Credit Health?
b) Having a student loan in deferment or forbearence is see same as any other massive debt?
c) How does the DTI formula factor this debt as compare to other debts? (meaning it has same negative downward weight).
I will appriciate any thoughts, and insight.
