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Redcoat35

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If I am the consignor of ed loans but don't pay them, could this help my score?
Mortgage companies have accepted proof I have provided (to calculate LTV) that my sons have paid the educational Loans for the past 6-10 yrs. I am the cosignor but I do not pay them. Could proof of this help my score?

Thanks, Fred

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If the student loans are being reported to the credit bureaus, then I believe it should already be showing up on your credit reports as a joint or co-account.  You can't send anything to bureaus to have it reported, only the creditors can do that.  Hope this helps.

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Redcoat35

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Addison170,

Thanks so much for your response.  To be clear, are you saying if the creditor (firstmark) sends in information proving my sons are paying the loans and I am not that it could help my score?  These loans are already listed as my debt but I do not have to pay them.  My guess is since I am the cosignor they still count as my debt by the credit bureau and will continue to have a negative effect on my score..

thank you,

Fred

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