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Are Student loans considered revolving debt????
Just curious because my credit score is very low and I'm trying to raise it any way I can.
Asked by
cnydrummer
1 year ago
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I paid my student loans off over two months ago and they are still showing what should I do?
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camalott4 1 year ago
Student loans are an installment debt. You take out a fixed amount at the beginning and can take no more. You can acquire additional student loans and consolidate, but you don't have a credit line that you can tap to get more funds.
A mix of installment loans and revolving credit is important for improving your score.
phnxangell 1 year ago