Latest Posts
Home > Ask The Get Out of Debt Experts > Pam Asks “Does a Deferred Student Loan Lower Your Credit Score”

Pam Asks “Does a Deferred Student Loan Lower Your Credit Score”

“Dear Steve,

I have $40,000 in credit card debt but have never missed a payment.I am trying very hard to make more than the minimum payment. I have a long credit history with no late fees ever. My credit score is about 750. I have 3 kids in college and have outstanding deferred students loans that I have cosigned. I know this makes me responsible for these loans but I have no doubt that my son will pay them on time. At the present time they are all deferred.

Does a deferred student loan lower your credit score?

Pam”

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Dear Pam,

The only reason I can see that these loans might lower your score would be that they represent a level of debt that you are responsible. I do not know of any scoring issue regarding the fact that they are deferred.

If you are worried that your score is lowered for a particular reason, it is easy to find out why. Simply order this consolidated credit report with the credit score and the report will tell you specifically why your score is what it is and what you can do to improve your score.

Once you order it you will be able to download your three bureau report online and within minutes you’ll have the answer from the very people that are scoring you.

Big Hug!

Pam Asks Does a Deferred Student Loan Lower Your Credit Score
Get Out of Debt Guy – Twitter, G+, Facebook

Don’t miss our free Get Out of Debt – “How To” Guide Series on a number of topics, for loads of practical advice, tips, and help to beat back debt. – Click Here

The Answer

 

Pam Asks "Does a Deferred Student Loan Lower Your Credit Score" by

Share This and Spread the Word

About Steve Rhode

Steve Rhode
Steve Rhode is the Get Out of Debt Guy and has been helping good people with bad debt problems since 1994. You can learn more about Steve, here.

Get My FREE Get Out of Debt Guy Newsletter

It is the smart thing to do.

I promise to keep your email safe and secure.

Close

I want to keep you posted each weekday with just one email about the latest get out of debt news, scam alerts and information to beat back debt.

You can unsubscribe at any time with just one click.

After you subscribe, check your email to confirm your subscription. If the confirmation email does not appear in your inbox in a few minutes, check your spam folder for it. Sometimes it likes to annoyingly hide there.


  • It will keep you posted on the latest scams.
  • You will be alerted to the latest articles.
  • You will wind up smarter than everyone else dealing with debt.