Student loan and your credit.?

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I'm currently in school and don't need to start paying on my student loan until six month after i'm finish school, my credit score is not too bad "700 " but i tried to get a loan and noone would approve me because of my student loan. I owe on a few credit cards, i make my payment on time and i don't owe alot of money on them.

Should my student loans already be affecting my credit even though i don't owe them as yet?

Student loan and your credit.?

Your student loan should not have any effect on your credit. Don't apply with the person that listed above me! Go through a major credit card company.

I didn't finish my thought - as long as your student loans are in good standing - it should not have a big effect on your credit eligibility since it is not a REVOLVING debt. It is an installment and is viewed VERY differently from credit cards.

Student loan and your credit.?

Yes, it will affect your credit because it is a liability, money that you owe.

Student loan and your credit.?

Any time you build a line of credit or take a loan, that will affect your credit and eligibility for credit cards.

When you sign up for credit cards or cancel credit cards, that will affect your credit report. I think the fact you are spreading yourself thin and owing multiple sources will not look good from a loan officer point of view. They are not only looking at your credit score, but also how much debt you have built-up compared to your income and assets.


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