Established Member
Posts: 14
Registered: ‎03-25-2010
Fico Simulator and paying off student loan
[ Edited ]

I have a delinquent balance on a student loan.


I was always under the impression paying something off did nothing for your score.


However, the simulator says that if I pay off my student loan I will gain 30 to 70 points.


Is this realistic?

Epic Contributor
Posts: 22,406
Registered: ‎01-17-2008
Re: Fico Simulator and paying off student loan

It would depend on what was delinqent.  Paying a CA or PR will not change your score.  Paying the OC could, depending on what it is.


A student loan is an installment loan and has little impact on your FICO score.  YMMV as I have seen some gain a point or 2 and others none.


As for the simulator, I can't say I really trust it.  Sometimes it can be spot on others it is way off.