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Students

As with many loan types, student loans can have a big impact on your credit score. Whether you’re a cosigner or you are making payments yourself, on-time payments are a factor in your good credit score. When handled correctly, student loans can also play a major role in building a student’s credit history, which is often nonexistent when they’re just starting out.

Cosigning on Student Loans

When you cosign a loan, you agree to be equally responsible for the debt. The loan will be included in your credit history and can affect your creditworthiness as well as your ability to qualify for loans in the future, including cosigning for another student loan. Although you are just a cosigner, all missed payments will be included in your credit history and future lenders can consider the debt and monthly payment as part of the total amount you owe.

Refusing to Cosign on a Loan to Protect Credit

July 17, 2016

Dear Experian, I am trying to get a student loan, but my parent's refuse to cosign because they fear cosigning for my student loan will affect their credit score, thus...

How Student Loans are Reported on Your Credit Report

August 20, 2015

Dear Experian, I have an account number that was reported late for student loans. I did not realize the amount due had changed, so I continued to send the...

Student Loans and Your Credit Report

March 27, 2014

Dear Experian, My student loans are affecting my credit. Why? - NCB

Paid Student Loans Listed by Semester and Your Credit

January 1, 2014

Dear Experian, I have student loans on my report with different amounts but the same account number. They are all under accounts in good standing. I think that they are...

Being Removed as a Cosigner from Student Loans

December 4, 2013

Dear Experian, I co-signed college loans for my children. They are now both out of school, working and re-paying the student loans on time with no delinquencies. I would like...

Student Loans on Credit Report While in Deferment

September 27, 2013

Dear Experian, How long does it take after student loans are out of deferment for them to show up on a credit report? - LSM

The Benefits of Consolidating Student Loans

August 2, 2013

Dear Experian, Does it look bad to lenders checking your credit if student loans show up as several different loans? In other words, why consolidate? - SAR

College Student Declined for First Credit Card

April 24, 2013

Dear Experian, My daughter is trying to get her first credit card as a college student. They have denied her based on a credit report from you. How can a...

Student Loan Debt Listed as “Government Claim”

January 2, 2013

Dear Experian, On one of my student loan accounts this was posted: “Government Claim/Insurance Claim.” What does that mean? - RSC

Student Loans Reported as Claim Filed with Government

November 21, 2012

Dear Experian, My student loans were consolidated into a new loan. My old student loans now state “closed/paid collection” and, “Claim filed with government for insured portion of balance on...

Consolidated Student Loans on Your Credit Report

November 7, 2012

Dear Experian, I recently consolidated my student loans with one vendor, but all my other accounts still appear on my credit report. It says it has been transferred, but I...

Cosigning a Loan Could Affect Your Future Credit

October 24, 2012

Dear Experian, Will cosigning a student loan hurt my chances of receiving a car loan in the future? -SWK