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 Credit Scores
Profile Image

Question By
RexxCastle

0 Contributions
0 People Helped
Should I Pay off my Student loan at once or Finish Payments
I am down to under $500, should i just finish it off or do the monthly payments help my credit score keep improving? The only other credit i have is a car loan. And i cant seem to get any credit cards at all so after my student loan is paid off my Car loan will be my only credit source.

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

View your scores and reports anytime.

SIGN UP NOW
All Responses

Results 1-3 of 3Results per page: 5 | 10 | 25Page 1 of 1   Previous | Next
Top Contributor
11263 Contributions
4445 People Helped

Helpful to 1 out of 1 people

You COULD pay off the student loans at once OR, since you haven't been able to get a credit card, try using part of that money to get a secured credit card at for---to help people get the straight truth about credit.

your bank or credit union so you can start building a good credit record.  Just continue with the regular payments and get ths card.

Also, I do recommend reading the articles and utilizing the tools on this site so you can see what actions hurt or improve your credit score.  That is what this site was set up--to help people get the straight truth on credit and how to use it.

AND You probably thought you were through  with your education??  NOT!!! You only quit learning when you die.

Top Contributor
63 Contributions
36 People Helped

If you keep making payments, you'll eventually start getting credit card offers (unless you're paying late).  As long as you have at least 1 loan, you will continue to build credit.  So its fine if you want to pay off the student loan; its not going to increase or decrease your chance of getting approved for a credit card. 

1 Contribution
0 People Helped

School loan

My daughter fell behind 8 months said nothing I have been paying it now 9 months but the late payments r killing me, I am co-signer she owes 975.00 left should I pay it off or keep making the payments. The late payments dropped my credit score down 

Results 1-3 of 3Results 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.