Posts Tagged ‘ student loan ’

Student loans are debt obligations like any other loan

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

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Paid student loans listed by semester won’t hurt credit

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 repeated. They are listed nine times! I also have two other student loan accounts with the same account number but with a different company. I have consolidated my school loans twice so I'm assuming that they are from before I consolidated. Do all these hurt my credit? They are all paid/never late/closed, but I'm concerned it shows that I over extend myself. - AMS

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Being removed as a cosigner from children’s student loans

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 to remove my name as co-signer. Will this increase my credit score, and will it decrease their credit scores? - PBK

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Transferred/closed student loan history still affects credit scores

Dear Experian, I recently filed a dispute to get the status of my federal student loans changed. They were reported as delinquent because of missed payments. However there was a forbearance put on the account, and after the dispute, the status was updated to transferred/closed. Should my score improve with this update? - CMW

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Disputing address, student loans that may belong to daughter

Dear Experian, My wife got her credit report and an address that is not ours showed up. We need it removed along with two school loans that are not ours but may be from our daughter. - LSH

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Student loans reported as “claim filed with government”

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 loan.” Does this negatively impact my credit scores? I see "potential negative account" on all of the old loans. Can I get these old student loans removed to improve my credit scores? - JNN

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The impact of using 99% of your available credit before applying for a mortgage

Dear Experian, I was looking at my credit report online and it showed that I am using 99 percent of the credit available to me. What does that mean? Also, I know that I have one student loan that is at almost $60,000. How much effect is that going to have on me if I am trying to get a home loan? - RAH

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Parents refuse to cosign for student loan to protect credit standing

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 lowering their chances of getting a mortgage. This is so important because this will be my final year of college. Is this true? - YOD

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Collecting debts after they are deleted from the credit report

Dear Experian, After seven years, if a payment has not been made on a student loan can the creditor or collection agent still try to collect payment on the loan? - QUA

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