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meghanm33

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Why has my score taken such a major drop?
I have recently started to clean my credit card debt up and just began to pay my student loans because my deferment timing is up. I log on to CK today and my score has dropped 39 points.

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Student Loan out of deferment

Now that you are paying on your student loans, it opens new lines of credit.  Your credit score will take a hit, maybe big if you have multiple student loans.  But this will be temporary.  If you faithfully pay on your student loans on time, your score will rebound in a couple of months.

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