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Posted in Student Loans
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IKM97

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For how long a Student loan will drop my score?
I have a 707 Score, 2 credit cards in good standing and a average 5 months of credit, I about to get a $2,000 public student loan, will my score go back to normal when I start paying or in 3 to 6 months ?

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Student loans generally aren't due

Helpful to 1 out of 2 people

untill you finish school.  You will probably see a dip in your score when the new loan appears on your report.  Keep making your CC payments and your score should bounce right back. 

Once the student loan comes due, start making the payments and you shouldn't see much difference in your scores.

Good luck

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