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 Student Loans
Profile Image

Question By
lilei

0 Contributions
0 People Helped
Why did my student loan deferment make my credit score drastically drop?
I checked my weekly credit score this morning and my credit score dropped 56 points in one week. Credit karma says that the change was because my student loans went from in payment to deferred (I started school again in August). I called the student loan company for my student loans(federal)and they said that the deferment doesn't negatively impact my score. What could be the issue?

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
1 Contribution
0 People Helped

deferred student loan and credit score

I have the same problem, mine dropped 52 points. Have you been able to get any answers? 

1 Contribution
0 People Helped

Re-enrollment negatively affects credit

The same thing happened to me. My credit score dropped 69 points and I'm unsure as to why. I'm back in school and loan deferrements are automatic once one re-enrolls. This is extremely unfair and incredibly discouraging. 

Top Contributor
13 Contributions
10 People Helped

I have the same issue , I'm confused

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.