debt question

[whodatnation2]

I have 25,000 in student loan debt currently. I am in the process of rehabbing them. If I were to pay them off in full after rehab, what kind of impact would that have on my score. The loans are 4 seperate loans totaling 25,000. I was just looking for a general answer....thanks everyone.

[whodatnation2]

Anybody??

[RobertEG]

I suggesting posting in the Student Loans forum... that is where the experts on that topic live....

[pizzadude]

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@whodatnation2 wrote:

I have 25,000 in student loan debt currently. I am in the process of rehabbing them. If I were to pay them off in full after rehab, what kind of impact would that have on my score. The loans are 4 seperate loans totaling 25,000. I was just looking for a general answer....thanks everyone.

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These show as installment loans on your reports, correct ?     If so then I wouldn't expect much of a gain.  There really isn't much FICO weight given paying installment loans off.   FICO weighs paying your revolving debt much more significantly.

[IOBA]

My suggestion is to pay them off as soon as possible.

The less debt, the better.  

[Anonymous]

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@IOBA wrote:

My suggestion is to pay them off as soon as possible.

The less debt, the better.  

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+1