- Posts: 1
- Joined: Wed Jun 22, 2011 4:23 pm
- Location: Imagination
If I'm reading this correctly, any type of loan, regardless if it's a federal financial aid loan (from the FAFSA) or one you would get from a bank, will affect your credit history and credit score, correct?
Since I have no credit history and I'm still 21, is this going to be a good thing? This would be an ideal way to build credit as soon as I start paying the loans off, correct? Or does the financial aid loans not report to the three credit reporting agencies?