Reply
Established Member
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


Take the FICO Fitness Challenge
Community Leader
Senior Contributor
Posts: 4,336
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: 769. MyFICO TU: 769. DCU EQ: 755. MyFICO EQ: 780. PSECU EX: 756. MyFICO EX: 780.
Mega Contributor
Posts: 19,818
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
Advertiser Disclosure: The listings that appear on myFICO are from companies from which myFICO receives compensation, which may impact how and where products appear on myFICO (including, for example, the order in which they appear). myFICO does not review or include all companies or all available products.

Copyright ©2001-2015 Fair Isaac Corporation. All rights reserved.   | Terms of Use | Privacy Policy | Sitemap

IMPORTANT INFORMATION: All FICO® Score products made available on myFICO.com include a FICO® Score 8, along with additional FICO® Score versions. Your lender or insurer may use a different FICO® Score than the versions you receive from myFICO, or another type of credit score altogether. Learn more

FICO, myFICO, Score Watch, The score lenders use, and The Score That Matters are trademarks or registered trademarks of Fair Isaac Corporation. Equifax Credit Report is a trademark of Equifax, Inc. and its affiliated companies. Many factors affect your FICO Score and the interest rates you may receive. Fair Isaac is not a credit repair organization as defined under federal or state law, including the Credit Repair Organizations Act. Fair Isaac does not provide "credit repair" services or advice or assistance regarding "rebuilding" or "improving" your credit record, credit history or credit rating. FTC's website on credit.