Paying towards deferred student loans early

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Joined: Wed Nov 12, 2014 8:42 pm
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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:

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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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