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Gov student loan reporting

Discussion in 'Credit Talk' started by Diane143, Aug 10, 2002.

  1. Aug 10, 2002 #1
    Diane143

    Diane143 Well-Known Member

    Can anyone tell me if Federal Student loans get reported to each CB? I may be getting a unsubsidized Stafford soon. Does a loan of this type help a score in the front (Like CC do sometimes) or only after it has been paid on for a while? thanks Diane143
     
  3. Aug 10, 2002 #2
    Manequinne

    Manequinne Well-Known Member

    Hi,

    I too had unsubsidized stafford loans.

    The ones I am paying on are reporting on Experian and Transunion.

    The one loan I paid off is on Equifax.

    Throughout my credit problems, I always kept paying on my student loans.

    I am now glad I did, because they are horrible to deal with if you default ;-(

    It is a score booster for me because it was my first tradeline and the oldest.

    Hope this helps....
     
  4. Aug 10, 2002 #3
    Diane143

    Diane143 Well-Known Member

    Thanks that helped a lot. I am hoping they will report to all three but I will take anything. What a deal! Low rates, no credit check. I will always pay on time for sure. I heard student loans have no SOL for collections!!!
     
  5. Aug 10, 2002 #4
    MandyB

    MandyB Well-Known Member

    For me, they report on all three.
     
  6. Aug 10, 2002 #5
    Gabriella

    Gabriella Well-Known Member

    My student loans are reported to all three as well...
     
  7. Aug 10, 2002 #6
    jambe

    jambe Well-Known Member

    I have a consolidation loan from Southwest Student Services that only reports to TU and Equifax.
     
  8. Aug 11, 2002 #7
    MandyB

    MandyB Well-Known Member

    Mine are w/ Sallie Mae.
     

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