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Paying off Student Loans


sabwafare2001
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The last post in this topic was posted 1026 days ago. 

 

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Wanted to get some opinions......

I have about $3500 at 3.88% to pay off my student loans. I'm paying $124 per month so I have a little over 2 yrs left.

 

Currently my credit scores are in the 620 to 650s.

I have the following credit cards:

Capital One: 9700/10000

Credit Union: 2700/5000

Nebraska Furniture Mart: 600/3000

 

I was thinking about using the funds from the student loan to pay down the credit cards or having more cash flow in general.

 

How will paying off student loans affect my credit score?

 

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