credit score Archives

Credit Cards and College: An Easy Decision

Some experts say college freshmen should have credit cards. They are wrong. Responsible or not, the lessons are worth the pain.

Student loans have a huge influence on credit scores. Savvy borrowers can take advantage of these rules and increase their credit scores.

Not all student loans are created equal. In some cases, a good student loan is better than an expensive retirement account withdrawal.

Refinancing might be a great idea, or it could be a horrible mistake. It all depends on your existing loans and personal circumstances.

Debt elimination is a good thing, but some borrowers see a temporary drop in their credit score when they pay off an old student loan.

Student loan refinancing impacts credit scores in several ways. Some impacts are positive while others are negatives.

Delaying student loan repayment in order to build up your credit score is really expensive and not very helpful.

Consolidating or refinancing student loans usually impacts borrower credit scores. However, the impact is typically small and short-lived.

The credit score impact of enrollment in IDR plans like PAYE, IBR and REPAYE is usually minimal, but it can be a huge help in certain circumstances.