No credit card required
Browse credit cards from a variety of issuers to see if there's a better card for you.
I almost have my student loans paid off even though they are in deferrement until 2017. I am working a part time job while finishing my undergrad degree and 90 percent of what I make goes straight to those loans. The issue is, even though i've been making payments on my loans they don't seem to be having any effect on my credit score. Is this due to paying them while they are still deferred? Should I wait to pay the remaining balances off when the deferment period is up in 2017 if I want them to have a possitive effect on my credit score?
The loans are having a positive effect on your credit, but it's not going to be measurable month-to-month. The effects of AAoA and on-time payments are seen over the course of years. The good news is that this loan will remain on your report 10 years after it is paid off, so the history you've built will continue to contribute to your score. You'll also save interest and set yourself up for a good financial future by paying the loan off as soon as possible.
This might be an unreasonable question, but would it be wise to pay off all the student loans except for like $1, let that accrue interest at a slow rate, and keep paying it off except a $1, so the history of the student loans can remain on your credit report?
Not really, and even if you attempt to that, some borrowers will just write off the small balance and close the loan so they don't waste their own time and money servicing a miniscule debt. By the time a positive account falls of your report, a decade has passed. In that time, you can build new tradelines with positive history to replace the ones you lose.
Yea, its something you just need to keep a track of somehow, or just pay it off. Something that small can really hurt you down the road which is ashame