Student loan in deferred status for one month and score went up 25pts!????

[Anonymous]

Hi,

I have NEVER been late on my student loans before, however, I am trying to pay back some CC debt so I put my student loan in a one month deferrment to pay off some of that debt.  I rec'd an alert today that my student loan is now in deferrment status and my score went up by 25pts!!!!  Does putting student loan in deferred status make your score jump or could it be the fact I have paid off 2k in credit card debt?

[Anonymous]

IME putting student loans in deferment took them out of the calculation for scoring purposes. Not sure if it is the way it is suppose to be or is just common for scoring purposes, maybe some one else will know more about this and chime in. IMO I would say the increase is from paying down your CC debt.

[Anonymous]

Ok, I am a little old school but what does IME and IMO mean?  I so appreciate your response!  I am hoping it's my CC pay off as well.  I guess we'll find out once it reports back to repayment. Thanks!!

[MarineVietVet]

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@Anonymous wrote:

Ok, I am a little old school but what does IME and IMO mean?  I so appreciate your response!  I am hoping it's my CC pay off as well.  I guess we'll find out once it reports back to repayment. Thanks!!

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IMO =In my opinion

IME =In my experience

Here is a list of Abbreviations.

From a BK years ago to:
EX - 9/09 pulled by lender 802, EQ - 10/10-813, TU - 10/10-774

"Some people spend an entire lifetime wondering if they've made a difference. The Marines don't have that problem".

[laz98]

i just posted about this on your other thread

i don't think it has anything to do with deferment.  my personal experience has been that deferment has no effect on my scores.

[Tazman81]

I agree with the others.  I've had student loans pop in and out of deferment and they have always still been considered in my total debt and haven't had any impact on my score.  I tend to think it was paying down your credit card debt and improving your utilization.  Or it's possible your accounts have reached a "better age" as time has went by.  Were there any negative accounts on your report that may have fallen off?  Just throwing out a few different options there, but I think it was the decrease in your utilization from paying off the credit card debt.

[Anonymous]

Thanks all! I am hoping that's the case too.  Appreciate your input.

[750]

Perhaps it was because your required monthly payment went down.

[Anonymous]

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@Anonymous wrote:

Hi,

I have NEVER been late on my student loans before, however, I am trying to pay back some CC debt so I put my student loan in a one month deferrment to pay off some of that debt.  I rec'd an alert today that my student loan is now in deferrment status and my score went up by 25pts!!!!  Does putting student loan in deferred status make your score jump or could it be the fact I have paid off 2k in credit card debt?

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this.