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Does having student loans lower your credit score

Business & Finance

Does having student loans lower your credit score

Sunday, 13 July 2008 00:00 Live in Love♥ Business & Finance - Credit

I will be going to college in a year and will most likely have to get student loans.
Will getting these loans make my credit score lower?

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4 Comments



N K Votes: +0	if you screw your loans up then they will. The more the entries on your credit (as long as they are good), the better. Credit scores fluctuate over time. The idea is to get the loans and make timely payments. As long as you keep your student loans in good standing whatever the terms of agreement are, they will reflect positively on your credit report and help it. When it comes to credit report, everything helps as long as you dont screw it up by being late and worse defaulting. report abuse vote down vote up


Jes Votes: +0	In the long term, as long as you don't have any late payments, having student loans will help to build your credit. The longer your credit history, the better. report abuse vote down vote up


Stephnie O Votes: +0	no, not if you keep them current. report abuse vote down vote up


Dont_taz... Votes: +0	It could...it's a debt. report abuse vote down vote up

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