== == 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.
It shows on your credit report even before they start making payments.
A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.
A repossession will significantly lower your credit score, regardless of the balance. It will take around 7 years before the repossession is removed from the credit report.
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.
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
In general, no, having a card on his mother's account will not go on his credit report, for good or bad. If the student gets a credit card with the account in his own name, possibly with his mother co-signing, that will go on his credit history.
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.
The Student Loan GUY @ http://www.studentloanfundamentals.com Your Student Loan will become "Current" on your credit report. Now figuring out the score is hard because it depends on the rest of your financial situation. It depends on what you have on the credit report.