To pay or not to pay?

tri3nity · ‎08-09-2008

Okay, I took out a loan mid semester last semester. After reading a couple of the threads I'm confused if I should start making small payments on it to bring my util down. Will it help my score at all with it reporting as deferred? WIll it reflect the payments?

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+

Take the FICO Fitness Challenge

Anonymous · ‎08-09-2008

installment loan UTL is a very small number of points.

I would work on other stuff first.

tri3nity · ‎08-09-2008

Most of my negatives are falling off by the time I graduate in 2010. My most recent hits only add up to around $1000 and are 3 years old. Should I work on paying those even though they are co already? I was just gonna throw something at my student loans every month.

Starting Score: 1/2011 TU 539 EQ 481
Current Score: 2/2011 TU 542 EQ 489 EX 505
Goal Score: 620+

Take the FICO Fitness Challenge

Anonymous · ‎08-10-2008

I would work onnn you most recent boo-boo's and work you way back in time.

This will allow you to recover faster.

tri3nity wrote:
Most of my negatives are falling off by the time I graduate in 2010. My most recent hits only add up to around $1000 and are 3 years old. Should I work on paying those even though they are co already? I was just gonna throw something at my student loans every month.