It may increase your score because it will lower the amount of debt you have. One of the aspects of figuring out your credit score is how much debt you have compared to how much income you recieve. That is only one part. Also any negative accounts and how long good standing accounts have been open.
First of all can I know if you have missed any payments yet? What is the status of these loan accounts on your credit report? Are all these student loans federal or private? How old these loans are? All these factors can affect your credit score. So, please let me know these details. I will be able to help you then.
OK I HAVEN'T MADE ANY PMTS YET SINCE ITS HASN'T BEEN SIX MONTHS YET!IM STILL WAITING FOR THEM TO WRITE TO ME SO I CAN AGREE ON A PMT PLAN, ITS A FEDERAL STUDENT LOAN AND IM JUST WONDERING IF MAKING PMTS ON TIME WILL INCREASE MY SCORE OR IT HAS NOTHING TO DO WITH IT AT ALL
IM STILL WAITING FOR THEM TO WRITE TO ME SO I CAN AGREE ON A PMT PLAN
There is no need to wait for them to write to you. You should immediately send the lenders a payment plan yourself through certified mail, requesting a return receipt. This is already hurting your credit!!! Check the status of these accounts from your credit report (you can get one from www.annualcreditreport.com).
IM JUST WONDERING IF MAKING PMTS ON TIME WILL INCREASE MY SCORE OR IT HAS NOTHING TO DO WITH IT AT ALL
Yes, making ontime payments does help in improving credit score. However, in your case you will have to rather repair your credit, because you have missed payments.
It may increase your score because it will lower the amount of debt you have. One of the aspects of figuring out your credit score is how much debt you have compared to how much income you recieve. That is only one part. Also any negative accounts and how long good standing accounts have been open.
payments on student loans
Hi misspuff,
First of all can I know if you have missed any payments yet? What is the status of these loan accounts on your credit report? Are all these student loans federal or private? How old these loans are? All these factors can affect your credit score. So, please let me know these details. I will be able to help you then.
Thanks,
Aaron
Hi Aaron,
OK I HAVEN'T MADE ANY PMTS YET SINCE ITS HASN'T BEEN SIX MONTHS YET!IM STILL WAITING FOR THEM TO WRITE TO ME SO I CAN AGREE ON A PMT PLAN, ITS A FEDERAL STUDENT LOAN AND IM JUST WONDERING IF MAKING PMTS ON TIME WILL INCREASE MY SCORE OR IT HAS NOTHING TO DO WITH IT AT ALL
THANK,
federal student loan
Hi Claire,
IM STILL WAITING FOR THEM TO WRITE TO ME SO I CAN AGREE ON A PMT PLAN
There is no need to wait for them to write to you. You should immediately send the lenders a payment plan yourself through certified mail, requesting a return receipt. This is already hurting your credit!!! Check the status of these accounts from your credit report (you can get one from www.annualcreditreport.com).
IM JUST WONDERING IF MAKING PMTS ON TIME WILL INCREASE MY SCORE OR IT HAS NOTHING TO DO WITH IT AT ALL
Yes, making ontime payments does help in improving credit score. However, in your case you will have to rather repair your credit, because you have missed payments.
Thanks,
Aaron