Limited time offer - Get a FREE Amazon Fire 7 Tablet, Wi-Fi, 16 GB when you enroll with Meditec.com*. Offer expires 4/30/2017. *Terms & Conditions Apply.
Resolving your debts through a reputable Debt Settlement company (like Freedom Debt Relief) does NOT damage your credit rating âlike a bankruptcy.â A bankruptcy will be listed and hold your credit score down for 10 years, while the delinquent payments incurred while enrolled a Debt Settlement program will be there for only 7 years (and in some ...
Simply having student loan debt will not negatively impact your credit score. In fact, if you make on-time payments, student loans can positively impact your score for several reasons. 1  Builds payment history. 2  According to FICO, your payment history makes up 35% of your score.3  So having a record of consistent, timely student loan payments will boost your score. 4  Adds credit diversity.ow Defaulting on a Student Loan Affects Your Credit Score. If you stop making payments (default) on your student loan, your credit score will go down. Late student loan payments will hurt your score in much the same way as late payments on any other type of account.