Whether or not a student-based loan assists otherwise hurts the borrowing from the bank is actually determined by if one makes payments in full, punctually, all day. Payment records makes up about thirty five % of FICO get. When you’re a late fee otherwise a couple of would not ruin their credit past resolve, it does yes lead to an obvious diving. A single missed commission could potentially reduce your credit history by the to 100 situations. Continue reading “We Paid back a loan…And you can My personal Credit score Went down?”