Let it report before you make any moves. Once it reports. Then pay it to <8.99%. Let it ride out to the end. Make a $1 payment every couple months for activity. The reps really dont know what your up to. All they need to know you wanted a loan to build credit. 
@NightTrader wrote:All I was advised by a Navy Federal Rep not to pay on my pledge loan before it reports on my credit report. The idea is not to have the loan report at 100% of the loan value so my score will not fall as much (currently rebuilding score near 700 now).
The rep claims the balance of the loan will be inaccurate if I pay before the loan reports on my credit report. Does anyone have experience with this? I thought the balance of the loan is the balance of the loan regardless of when you pay it. Thoughts?
The rep is wrong. Pay it down as fast as possible.
@Anonymous wrote:If it reports at 100% this month and you make a payment, and updates to 50% next month, or it reports with 50% on the first month. I dont think there is a big difference, unless you are about to apply for a car loan or a mortgage or etc right away. I would rather report at 100% then pay it down, and report with the new balance following month.
There is a difference. Its the util %. Even though its a so called pledge loan. Its a SSL loan. You want to get below 8% for the best scoring ASAP. Ive been thru 2 SSL's with Alliant and NFCU. Its to gain pts if you dont have any other installment loans. It helped me get to FICO 9 auto score 779 to get the truck below. Its closed now since the car loan is considered an installment loan.