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If the student loan is taken out in the name of the student then no. The student's credit score is separate from anyone else's.
If the student loan is taken out in the name of the parent or with them as cosigner then yes - their credit scores would come into play.
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∙ 14y ago
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Will a private student loan that is currently deferred negatively affect your credit score?
It will appear as an obligation and as such limit the amount that will be considered for total monthly payment. No I don't think it will affect your your credit score.
Does your age affect your credit score?
No, but your credit history accounts for about 15% of your credit score.
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.
How does an eviction affect your credit score?
The eviction will not necessary affect your credit score, but you owe money that will be the entry that will affect the score. The eviction is a public record, searchable from a database but the funds owned is what affect your credit score especially if it is turned to a collection agency.
Does the credit score of an authorized user on your credit card affect your credit score?
No, the credit score of the authorized user will not affect the main cardholders credit score but the authorized users score can be affected as you can see creditcardideas.com/blog/adding-an-authorized-user-to-increase-credit-scores
What is considered a bad credit score rating?
A credit score rating is not hereditary. If your parents have bad scores, it doesn't affect you, unless they are deadbeats and applied for a loan under your social. You build your own credit score, which under 650 is generally considered poor.
Does your low credit score affect your new husbands credit?
No, your low credit score should not affect your husband's credit score, unless the lender/bank uses both your information for the loan. Credit score is based on each individual's information.
If you check your credit report will it decrease your score?
No, checking your own credit score is called a "soft inquiry" and will not affect your credit score. Only "hard inquiries" - those from potential lenders affect your score.
How do you raise your credit score when it has been lowered due to credit inquiries?
Pay your bills. I don't know that a credit inquiry will lower your credit score. What does affect your credit score is not paying. Even if you pay late, it shows willingness to pay. But as far as someone checking your credit, I don't think that will actually affect your credit score. Pay your bills. I don't know that a credit inquiry will lower your credit score. What does affect your credit score is not paying. Even if you pay late, it shows willingness to pay. But as far as someone checking your credit, I don't think that will actually affect your credit score.
Does closing a cedit card by the consumer affect their credit negatively?
Closing an account will affect your credit score and decrease your score.
If you reduce your credit limit on a credit card does it affect your credit score?
yes, it will lower your FICO score.
Can marriage affect your credit score?
yes, cause if one person decides to go bankrupt because you guys are having money problems it can affect your credit score to, not just their credit score.
