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College Funding and poor FICO

BayHouse Credit Forum: 10/1999 to 01/2001: Credit Reporting, FICO Credit Scoring, Disputes, Collections, Charge-offs, Bankruptcy, CCCS: CATEGORY: FICO (Fair Isaac) Credit Scoring: College Funding and poor FICO
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Senator (Senator)

Friday, September 08, 2000 - 10:18 am Click here to edit this post
Can anyone shed light on these PLUS loans or loans from Sallie Mae, etc for paying college costs? Impact from low FICO?

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Shylock (Shylock)

Saturday, September 09, 2000 - 08:32 am Click here to edit this post
Initially the loans will lower your FICO score and, over time, your FICO score will rise (assuming you make all your payments on time). This assumes, of course, that those PLUS loans are reported completely and accurately on your credit profile.


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