Credit Advice

Have a question? Have advice to share? The combined knowledge and experience of everyone in the Credit Karma community can help you. Enter your question or help others below to get started!

Question

Posted in Student Loans
Profile Image

Question By
MetalMachine

0 Contributions
0 People Helped
Can i raise (or hurt) my credit score by starting to pay off my student loans before they kick in?
Can i raise (or hurt) my credit score by starting to pay off my student loans before they kick in?

I am a senior in college, and I would like to purchase a home. However, I afraid that my credit score is too low to get a mortgage. My credit history is just not very long.

I have never missed a bill due date, but I have never had a credit card or anything to help my credit. I just don't like the idea of a credit card.
At the moment, my wife and I make between 2000-3000 dollars a month, with a little cash put away. When I graduate I will be making between 4000-5000 dollars a month.

Would starting to pay my government student loans off early help my credit? I have heard that it can possibly hurt my credit.

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW
All Responses

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
3051 Contributions
2786 People Helped

Have you thought about consolidating your student loans into one loan?  That way you only have one account on your credit report and only one payment.  Often that payment and interest can be lowered when consolidating.  If you'd like to check into this for free, call 469-619-0644 and they'll let you know if you qualify in just a few minutes.  Best of luck!

Result 1-1 of 1Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next

Your Credit Scores Should Be Free. And Now They Are.

View your scores and reports anytime.

SIGN UP NOW

Reply to this Question

Write your response:
Enter Your Comments

The Credit Advice pages of the Site may contain messages submitted by users over whom Credit Karma has no control. Credit Karma cannot guarantee the accuracy, integrity or quality of any such messages. Some users may post messages that are misleading, untrue or offensive. You must bear all risk associated with your use of the Credit Advice pages and should not rely on messages in making (or refraining from making) any specific financial or other decisions.