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?
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.
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