When will new student loan affect my credit!

[Anonymous]

Need student loan! But first want to know if it will go on my report even though i will be in school for 2 years!when will it show?

[laz98]

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@Anonymous wrote:

Need student loan! But first want to know if it will go on my report even though i will be in school for 2 years!when will it show?

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yes, it will go on your report.  mine showed up about 2 weeks after i did all the paperwork.  i haven't even started school yet.

[Anonymous]

Thanks a lot did it show as an open acct and the amount

[laz98]

yes, it showed up just the same as a new credit card account would, except it should be listed in the installment account section, not in revolving accounts.

[tbroug01]

yes, it showed up just the same as a new credit card account would, except it should be listed in the installment account section, not in revolving accounts.

              Did your score increase any?

[laz98]

no, but i already have several student loans on my reports, so it's hardly affecting my credit at all.