Reply
New Contributor
hopefulKT
Posts: 74
Registered: ‎06-11-2012
0

When will Unsubsidized Stafford Loan show on Credit Report

I'm in graduate school and accepted an unsubsidized stafford loan for fall and spring semester. The loan amount for fall semester (currently in progress) is on my credit report. The loan for spring semester (which has not been disbursed yet) is NOT on my credit report. Any idea when it will show up?

Starting Score: EQ 559 (June12)
TU 651 (spouse) (June12)
November12 score (Equifax myfico):
Me: 646
Spouse: 691
Getting ready to close on our first home :smileyhappy:
Valued Contributor
Jazzzy
Posts: 2,679
Registered: ‎07-29-2009
0

Re: When will Unsubsidized Stafford Loan show on Credit Report

Have you gotten the money for spring yet?

Established Contributor
bahbahd
Posts: 731
Registered: ‎08-12-2011
0

Re: When will Unsubsidized Stafford Loan show on Credit Report


Jazzzy wrote:

Have you gotten the money for spring yet?


Yes, you technically have not borrowed the money till the date it is disbursed. At that time you can accept part or all of the loan. If your tuition is less than the loan amount and you only accept the tuition amount, the remaining balance that is "sent back" is not included in the initial loan balance on your tradeline.


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
FICO Score - The Score that matters
Click to Verify - This site chose VeriSign SSL for secure e-commerce and confidential communications.
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+
}