how does this affect FICO?

Discussion in 'Credit Talk' started by the other, Apr 3, 2001.

  1. the other

    the other Well-Known Member

    Does anyone know how this affects FICO?

    My credit report shows an installment loan with high balance = 14641 (the original loan amount). It then shows the balance = 15008. It is a unsubsidized student loan that is indeferrment and I plan on paying the interest before it is capitalized when I am done with school. The extra $500 or so is interest.

    Anyone know how this impacts the credit score?
  2. roni

    roni Well-Known Member

    Student loan debt doesnot effect your score much. It doesnot hurt or help. I have read that it doesnt really help your score until it is almost paid. I have read that Fico doesnot rely on SL to make up our scores. (EXcept Unless we't that a relief.
  3. the other

    the other Well-Known Member

    Oh, ok, I just was hoping that with the current balance higher than the original loan amount that it wouldn't hurt my score...

Share This Page