Couple questions about student loans and credit
Date: Fri, 09/14/2018 - 00:54
Yes. Unpaid student loans do
Yes. Unpaid student loans do affect your credit score. So you should try to pay them off as soon as possible. Most students get a 6 months grace period after finishing graduation. So your aim should be to get a job within the next 6 months. The grace period is usually given so that students get time to find a job and earn dollars.
You don't need to hire a credit repair company. You can do it yourself. Get a job and start making monthly payments on your student loans. Your credit score will gradually improve.
Have you taken out a private student loan or a federal student loan? Otherwise, it will be difficult to calculate your monthly payments.