How Much Does A Student Loan Affect Credit???

By Andeyhollawho
April 11, 2009 in Student Loans

https://creditboards.com/forums/index.php?/topic/390742-how-much-does-a-student-loan-affect-credit/

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Andeyhollawho

Posted April 11, 2009

For the record I was way behind on these student loans but I rehabbed them and took the capitalized interest route to do it. The bad SL's from Citibank fell off of my credit so all of them are reporting as "Pays As Agreed" right now.

The thing is all of them are upside down because of the capitalized interest. I have about $20,000 in loans but the capitalized interest is $5000 and it's spread across all of them. So I have two for $5000 and 4 for $2500 but I am right around $1000 over the "credit limit" according to the CRA's because of the interest.

Is this killing my score? I haven't check my credit score since these bad marks fell off but I did check my report and know they are gone. Is this killing me???

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