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Subsidized loans will affect your credit score negatively if you are not paying them. If you are paying them, they will have a positive effect on your score.

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10y ago

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Take Out Subsidized Federal Student Loans?

When taking out federal student loans, try to take out the maximum amount of subsidized loans possible. Subsidized loans carry a lower interest rate than non-subsidized loans. You can end up saving a lot of money in interest fees by taking out subsidized loans. You should always try to qualify for as much subsidized loan money as possible.


How do loans affect credit scores?

Here is an excellent guide to outline how loans might affect your credit score. http://www.moneysavingexpert.com/loans/credit-rating-credit-score It also offers a Credit Checker tool which could prove very useful.


What is are unsubsidized loans?

The difference between subsidized and unsubsidized student loans is the interest. On subsidized loans you don't have to pay the interest and it does not build up over the life of your loans.


Can a judgment affect your student loan?

if you are the student trying to get a Stafford, Perkins subsidized or unsubsidized loan no, but parents trying to get a parent plus loan it will because these types of loans are credit based loans. if you are trying to get a personal loan from a lending institution ie. wachovia, Sallie Mae etc. then yes a judgment will affect you.


What is unsubsidizes loan?

The difference between subsidized and unsubsidized student loans is the interest. On subsidized loans you don't have to pay the interest and it does not build up over the life of your loans.


What is the relationship between credit and loans?

Yes, your credit score does affect the loans you are able to receive. The better your credit score, the better of an interest rate you will get.


How does my poor credit and or bankruptcy affect my children getting student loans?

It does not affect them.


How can payday loans affect your credit score?

Payday loans can be use to affect your credit score positively, but this must be done carefully and other types of loans may be better for long term rehabilitation of your credit score. However, payday loans can also affect your score negatively if you consistently use them and don't get out of debt entirely, as being in debt affects your credit score (and not making progress getting out of it).


What does DLSTFD loans mean?

Direct Subsidized Stafford Loan


Will back taxes effect your student loans?

No, but is will affect your credit report.


Does a business credit card affect credit score?

All loans and credit cards have an affect on your credit score. Failure to use your credit cards responsibly will reduce your credit score and increase your interest costs.


What types of loans accumulate interest?

Subsidized, Unsubsidized and PLUS