How does student loan debt affect my credit score?
Friday, June 26th, 2009I am at the final stage of paying off my credit card balances. Just one more month to go! I’ve also already paid off my car loan 7 months before the maturation date.
Anyway, I still have close to $6,000 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.