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Nov 20

How does student loan debt affect my credit score?

Posted on Thursday, November 20, 2008 in Student Loans

student loan
Fly girl asked:


I am at the final stage of paying off credit card balances. Just one more month, yippee!!!! I’ve also already paid off my car loan 7 months before the maturation date. Anyway, I still have close to $50,000 in student loan debts- federal and private. But that’s it. I have never had any major credit problems. Will all this student loan debt have a negative impact on my credit score and rating?
I always make the payments on time every month.

Madelaine
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