GuyinNVA Posted February 7, 2012 Report Share Posted February 7, 2012 So I go to school and have a student federal loan. I am still in school so the loan is deferred. I have to start paying it back once I finish school. I wanted so start paying off the loan so it can help my credit score. The loan company who holds my federal school loan told me I can't get out of deferment unless I finish school or stop taking classes. IS there any way I can get them to report to the CRA that I started paying on the loan?Thanks! Link to comment Share on other sites More sharing options...
1stStep Posted February 7, 2012 Report Share Posted February 7, 2012 It should be on your CR as a loan but marked as " in deferment" Link to comment Share on other sites More sharing options...
GuyinNVA Posted February 7, 2012 Author Report Share Posted February 7, 2012 It should be on your CR as a loan but marked as " in deferment"Yes, that is correct. But doesn't that hurt my credit score just sitting there? Link to comment Share on other sites More sharing options...
1stStep Posted February 7, 2012 Report Share Posted February 7, 2012 No it doesn't... Link to comment Share on other sites More sharing options...
jq26 Posted February 14, 2012 Report Share Posted February 14, 2012 And it will help your score to start paying it off now as there will be a smaller "balance owed" than "original balance". It shows payment, even if not required. Link to comment Share on other sites More sharing options...
Recommended Posts