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If your SL is deferred until 2008 but you are being denied credit because of it is it better for your credit score to pay it all or to make payments?
Wiki User
∙ 12y ago
if its deferred because you are in school... then you arent being denied credit because of it. if you dropped out of school then you have to begin payments immediately... if not then you default... which will get you denials.
if you are deferred because you are in school... then it actually helps your credit because its an open account that's current.
Wiki User
∙ 12y ago
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How will a deferred payment look on your credit?
If it is a student loan, there will be a statement on the credit report. It will also show the date that payments were deferred.
What are the similarities of hire purchace and deferred payments?
they offer buying on credit
Does putting your sudent loans into deferment hurt your credit?
Creditors can make their own determination in how to evaluate deferred student loans on your credit report. Generally, deferred payments are much better then delinquent payments. Debts that must be repaid in the future are still debts though, and the amount of debt you have may effect whether or not you are granted additional credit.
I had a deferred payment and my car was stolen and never recovered. Will my full coverage or gap insurance cover the deferred payment?
Most gap insurance policies do not cover deferred payments. NOTE - do not accept an offer to settle on the deferred payments. This may reflect on your credit bureau that the debt was settled for less than the ballance in full.
What is an abstract noun for credit cards?
The noun credit meaning a state of indebtedness through temporary borrowing, is an abstract noun. Credit cards (concrete noun) are used to make deferred payments.
How will a deferred student loan affect your credit?
They do not help you establish credit. You have borrowed, but don't owe, so there's no information about the way you'll handle payments over time.
Will deferred credit card payments affect your credit?
No, they won't, because a creditor is basically agreeing to your terms temporarily. It is generally not a good idea to do it for too long, because usually you are still accruing interest but you're not making any payments, so keep an eye on your balance and make sure it does not get nudged over your limit during the deferment period.
What is the journal for deferred income?
There are two sides to the entry, upon cash receipt you debit cash, credit deferred income. To apply the deferred income, the entry is debit deferred income and credit revenue.
Will a deferred car payment affect your credit?
I personally deferred my car payment for 3 months because I was out of work for 6 months. It did not seem to hurt my credit with Toyota because they were more than happy to lease another 2007 Camry to me a few years later.
Is deferred revenue a debit or credit?
debit
What is a Arrangement for deferred payment for goods and services?
credit
How do I start to get credit to build a credit score?
To get credit to build a credit score, you must take a loan out on something such as a car or a house and then make payments. The more you are on time, the better your score will be.
