Student Loan payments affect on credit scores

While accounts with positive reporting are going to boost up your scores, negatives are going to hurt at the same time. The ratio between the two remarks will ultimately calculate your scores.

Defaulted student loans that show up on your credit report may stop any bank or other lending institution from extending a loan to you. So, in case you want to keep your scores going up, don't default in any of the payments.

Contact the dept of education and inquire about rehab programs. They may be able to remove the negative marks with one of their programs.

Even though the negative marks are not from my student loans? My student loans are current. The negative marks are from late credit card payments.

Oops,didn't know that.Thought they were from student loans. Attempt a settlement with credit card company in exchange for them reporting account with positive remarks on credit report.