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Loans in Deferment...will making monthly payments improve score?

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AprilShowers4
New Contributor

Loans in Deferment...will making monthly payments improve score?

well they are in forbearance... Will making payments improve my score?

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SCF
Valued Contributor

Re: Loans in Deferment...will making monthly payments improve score?

No, it will have no impact on your score.  Currently your loans are reporting as "paying as agreed" because you have a forbearance in place and no payments are due.  Making payments now will have the benefit of helping you pay off your loans sooner, and it can reduce the amount of interest you pay over the life of the loan.  If you can make those payments, and you don't have higher interest debt to focus on, making payments can be a good idea.

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