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sweetums

Joined: 09 Nov 2010
sweetums's page
Posts: 12

319 Magic Points

Subject: Student Loans

Sat Nov 13, 2010 1:16 am

My husband claims that if we miss paying our student loans that it does not affect our credit - is this true. Because we have pretty good credit and I don't want to mess it up.
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techniquerie

Joined: 08 May 2011
techniquerie's page
Posts: 3

26 Magic Points

Sun May 08, 2011 4:27 am

Well i dont believe its true, i just pulled a few credit reports and all mine had listed a few months back in 2008 when I went 30 days late so they do report monthly.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1387 Magic Points

Subject: student loans

Sun May 15, 2011 5:30 pm

yes....student loans are on CR's. Whether you are in a 'good' status on them or you have been late with payments. I've had student loans for a while now. All in 'good' status. A student loan...is just that..a loan of some kind.

Sally Nachelle
Guest

Subject: Student Loans

Fri Jun 03, 2011 5:19 am

No, this is not true. Late payments always have a negative impact on your credit score. It hurts your credit score by 35%. Late payment is treated as a negative item, which in turn may affect your credit score adversely. Although you have a good credit score, but this late payment may drop your credit score by certain points.

sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1387 Magic Points

Subject: student loan

Sun Jun 05, 2011 10:15 am

True....late payments, of any kind, DO effect your credit score. However....some Student loan lenders (I've dealt with a few..) give you that 'window' of a few days after your payment is originally due, to make the payment without impacting your credit. Also..I believe loans from private lenders/Federal Student loans have their own 'standards' on this. You may have to talk to your lender and see what they say.

mrdvislh
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Subject: mrdvislh

Fri Nov 11, 2011 1:24 am

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sdchargers_63

Joined: 13 Aug 2007
sdchargers_63's page
Posts: 1889

1387 Magic Points

Subject: student loans

Tue Jan 03, 2012 4:45 am

You don't want to go into 'default' with Student loans, either. If they go into 'default', you would not qualify for any kind of Grants, assistance, etc. The more late payments you make on your loans, the worse your credit score can get.

spczbays
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Subject: spczbays

Mon Feb 13, 2012 5:25 pm

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Fri Feb 17, 2012 7:21 am

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Sun Feb 26, 2012 3:05 am

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Thu Mar 08, 2012 10:02 am

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