Paying towards deferred student loans early

Discuss anything related to interest rates & fees, like balance transfer offers, low rate cards, annual fees, etc.
2 posts
Infinitysfate
 
Posts: 1
Joined: Wed Nov 12, 2014 8:42 pm
Location: Westland, mi

Paying towards deferred student loans early

Postby Infinitysfate » Wed Nov 12, 2014 8:48 pm

I have student loans in the amount of 9000 dollars on my report. I understand that paying them off early might bring down my score and hurt it, however if I were to just start making periodical payments on it, though not necessary, will this benefit my score at all, ? :confused:


takeshi
Centurion Member
Centurion Member
 
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Joined: Wed Jun 05, 2013 3:12 pm
Location: US

Postby takeshi » Thu Nov 13, 2014 12:53 pm

It might help in reducing your balance to loan amount but that doesn't carry as much impact as reducing revolving utilization. Installments aren't evaluated the same as revolvers.



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