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Established Member
JK21
Posts: 23
Registered: ‎01-13-2012
0

Raising my Fico score

I start paying my student loans in July, they are already reporiting on my TU, after i start paying them in July will that raise my score?


Starting Score: 614
Current Score: 614
Goal Score: 700


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Senior Contributor
laz98
Posts: 4,292
Registered: ‎09-06-2008
0

Re: Raising my Fico score

No, probably not.  You will still owe more or less the same amount of money, unless you are making massive payments.

Latest scores: Walmart TU: 766. MyFICO TU: ---. DCU EQ: 741. PSECU EX: 756.
Mega Contributor
RobertEG
Posts: 17,456
Registered: ‎03-19-2007
0

Re: Raising my Fico score

+1 The more important issue, at least in my opinion, is the flip-side of the question..... avoiding possible score damage. With the termination of the deferrment, billling is now done. One late will do far greater damage than any slow upward creep in score as the TL ages and the balance is reduced. Dont be late

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