BEST INSTALLMENT LOAN COMPANY ( small dollar amount ) READ T GET THE MIXED CREDIT PORTION IN MY HX

[Anonymous]

So, I have a student loan on my history, however, just finding out that I qualify for Student Loan Foregiveness, so if I do that, it wonder if it will be removed from my credit ( right now I have the proper mixture, revolving & installment), I also wonder if my score will drop if it's removed?? If everything falls in place correctly, which route should I go, bank loan or online loan, scores right now are 587, 616 & 606, thanks in advance.

[zerofire]

Perhaps you should finish the student loan forgiveness first. That way you will know how little or lot of damage you get for no longer having an installment loan open. It is perfectly possible that you will not be effected enough for it to matter.

[OptimalCS]

I'm detecting that you have some other baddies on your CR. Tackling those might boost your scores. 

Your best bet is to continue making on time payments on SL.

Decrease your card balances if you have any.

[Anonymous]

Unless the tradeline is actually removed from your credit report, you will still have your credit mix points. However, depending on your B/L ratio you may have gained points that you will lose when it closes.

Once you have no open loans you can execute the SSLT.

Welcome to the forums and might I suggest you read the Scoring Primer linked at the top of my signature for general scoring information and understanding.