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A student loan helps establish a credit history and can become your first major credit account, especially if you have never had a credit card. Establishes credit length. The length of your credit ...
On the other hand, properly executing a repayment plan can boost your credit score, and this will enable you to apply for future loans and credit cards. There are many different types of credit ...
Federal loans currently have fixed interest rates ranging from 6.53% to 9.08%, while private loans can have variable rates exceeding 10%. Borrowers should carefully review the interest rates and ...
You can usually get a lower interest rate than you were paying before, especially if you have a good credit score and a stable income. “Take note of your student loans and their interest rates ...
Keep Paying Your Loans To Improve Your Credit Score There’s no doubt that not having to make a student loan payment, which can be a significant amount of money depending on your loan size, comes ...
Aside from damage to your credit score, which can last up to seven years, there are other reasons to make sure you make your student loan payments. If your student debt defaults, according to ...
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