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psharp50

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Paying off a studen loan will it raise my credit score?
I am cosigned on my daughters student loan and a few months ago she missed a payment and it dropped my credit score. If I pay off her balance now, will it raise my credit score? And if it does raise the score, how long will it take? Or would it be better to just make the payments on time?

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It is better to make the payments on time.  If you pay them off entirely, your score will actually drop because you've "lost" that available credit.  Best of luck!

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psharp50

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Thank you!

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