Do regular payments on student loans improve credit?
I have heard that making regular payment on governmental student loans will not reflect on my credit report (delinquent payments will). My question is whether or not regular payments on private student loans (sallie mae for example) will improve my credit?
Tags: Credit, Government, improve, Loans, Payments, regular, Student, Student Loan
Yes they will. That student loan comes from a bank and not the government, so it is reported as any other form of credit or loan is.
Keep payments on time and you will find your score increase over time.
BUT remember one important thing, miss just one payment on any of your lines of credit and your score will drop like a rock and late payments stay on your report for 7 years.
Hope this helps answer your question.
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