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Posted in Student Loans
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Question By
MiLuck

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length of loan help
Will it help or hurt my credit to pay off my student loan? It's currently my longest item of credit history by a couple years. I have the money to pay it off today and I thought I should since it is still gaining interest but that will drop my length of open credit to 5 years. I've never missed a payment, my history on the loan is excellent. Thanks for any advice.

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Top Contributor
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If you have the money to pay the loans off right noiw, I recommend doing so.  Student loans are not like revolving charge acounts so they are just a debt that must be repaid, and would remain collectabe until paid in full.

Please re-read the articles here so you can better understand what does and does not help your credit.

Top Contributor
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on Monday find out what the balance is to pay in ful and do it.   PAY IT OFF. 

You are Young you AAoA's will grow over time. 

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