== == YESSSS!!! THE WORST thing to have on your credit report is an unpaid loan! TRUST ME on this, it took FOREVER to fix this, and even after you pay it off if it was ever defaulted it still stays on your credit for 7 years. Easy now! Though a deferred student loan is "unpaid" it is not a defaulted loan. FICO (not FICA) and most other credit scorers do not disclose how they calculate their scores -- so there's no way to know for sure. A credit score is an assessment of how likely you are to default -- so without any late payments or other outstanding debts, I can't imagine that it would have much of an impact.
Ok, I have privacy assist with Bank of America, and included with that service is a credit score analyzer. What this does is allows you to make changes to your credit report and let the program reanalyze it, and show you your "new" credit score. While it is just an "analyzer" , it has been very accurate in estimating a car loan I recently got. When I ask the analyzer to predict my credit after a student loan of $30,000 with a balance of $30,000, it says that no change would occur. Just FYI
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.
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.
yes, the private or federally guaranteed student loans will show up on your credit report. If you are delinquent or in default on your loans, you can get help with consolidating the loans at www.defaultms.com The loans will show up on your credit report, even if they are still designated as deferred. You will not owe anything until roughly 6 months after you graduate, and the loan status will change to active once repayment begins.
OK, I cannot agree. I have about $39,000 in student loans and before I was in repayment period my loans showed up on my credit report but showed deferred status with a date. I have now graduated and I still have a six month grace period. Your student loans are still factored into your overall credit score and they affect your credit score negatively only if they are not paid on time.AnswerNOT MUCH, AS LONG AS YOU PAY YOUR STUDENT LOANS ON-TIME AFTER YOUR GRACE PERIOD (WHILE ATTENDING COLLEGE) THEN YOU SHOULD BE FINE. If you're still a student, student loans do not show up on a credit report at all. They only appear after you have graduated, withdrawn, dropped-out, etc. and the repayment starts.11/01/2010 I will have to disagree with the above answer. Student loans show up on your credit report before you graduate-how do I know this?-Well because I am a student with loans and those loans have showed up on my credit report under "deferred"-they have actually helped my credit score, BUT they will HURT it if and ONLY IF, when it is time to repay I default. I agree with the 1st answer and not the 2nd. Maybe times have changed since the 2nd person answered this question or even has knowledge of the credit score system in conjunction with student loans. These are government backed up student loans that I am referring to, NOT bank student loans.
It shows on your credit report even before they start making payments.
No, but is will affect your credit report.
Nightly Business Report - 1981 Credit Crunch Hits Student was released on: USA: 28 December 2007
If your credit report is stating that these loans are not transfered loan, then you need to dispute this information with the bureaus.
Some lenders report to one or two credit agencies, others report to all three. Have you checked all three reports? If you need help with your defaulted student loans, this company can help you: www.defaultms.com
Student loans can show up as "baddies" on your credit report if they are paid late or in default. These loans are reported similar to revolving loans or lines of credit.
Always make sure that your credit report only states the most accurate information.
Yes, they are like any other loan. they are listed on your credit report and affect your score.