@Anonymous wrote:My student loans are currently deferred. I am wondering what the affect on my credit score will be once they go into repayment. I will be setting up an income based repayment plan and making all payments on time. But, I am also looking to purchase a house. Right now my credit score is right where I need it to be, so I am afraid that my credit score may drop once my loans enter repayment. Any feedback you have to offer would be greatly appreciated! Thank you.
I don't think you will see much of a change in your score. However, you stated you are looking to purchase a home, so this will be counted toward your debt to income ratio when being considered for how much of a loan and monthly payments you can qualify for. Just something to keep in mind.
Current Score: Eq: 823 Tu: 830