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How do student loans impact credit score?
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| They do! The total amount of debt you have is part of your credit score and how you repay them is a big component. If you always make your minimum payments, you won’t have any bad marks on your credit. If you miss payments and fall behind it can badly hurt your score. Also, ironically once you finish paying off your student loans, that account closes and you lose all that credit history. So your score can go up or down some after you finish paying it off. |
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Re: How do student loans impact credit score?
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| Hey! Recently, a familiar married couple decided to adopt a child, but unfortunately, they were clearly unaware of the financial costs that might await them. If you are also planning to adopt a child, I advise you to pay attention to the article on the mysympleloan website that will prepare you for the adoption of a child. |