I was wondering. Once a student loan account is closed and PIF, should my monthly payment be reported at $0 like it is with one CRA, or should it still report what my monthly payment was, prior to paying the account off, even though, that is no longer my monthly payment?

Also, If only my high balance for student loans is being reported (after they've been paid off in full), do I still want them to report what the actual balance or "limit" was on the student loan?

And last but not least, for Account type, does it matter if it says "education loan" or "installment account"?

Thanks!

bump

well, what IS your monthly payment now? Is it listing as open or closed?

I'd say it doesn't matter much as far as your high balance, since it's paid off...

account type shouldn't really matter scorewise either

Well, before I had tons of smaller accounts with payments ranging from $8 up to $50, it just depended. If you added it up though, it was a little over $500 a month. Now they are $180 a month on ONE account. The rest are closed since I consolidated.