Rental Property Investor · Jersey Shore · Member since 2014 · 54 posts · 22 votes
I have three small college loans in deferment while I am finishing my degree. I haven't payed the loans off because they are some of my longest loans on my report.
Experian is reporting that that my college loans are all closed. My credit score is 80 points lower with Experian.
TransUnion and Equifax both show the 3 loans as being open.
I am trying to get financing for a commercial property, but I am running into a road block with my lower Experian score.
I have three small college loans in deferment while I am finishing my degree. I haven't payed the loans off because they are some of my longest loans on my report.
Experian is reporting that that my college loans are all closed. My credit score is 80 points lower with Experian.
TransUnion and Equifax both show the 3 loans as being open.
I am trying to get financing for a commercial property, but I am running into a road block with my lower Experian score.
Any Suggestions?
Deferment of student loans has no effect on your credit score. Get a copy of your Experian credit report and go through line by line. There may be some other problems. On time payments and revolving credit utilization make up the majority of your score. Length of credit and hard pull inquiries have an effect too. My credit score dropped by 20, simply going from 1 credit inquiry to 2 credit inquiries over the last 12 months.