P2P Lending / NFT Lending Forum

General Category => Off Topic => Topic started by: jesscageorger on September 11, 2018, 11:00:00 PM

Title: Couple questions about student loans and credit
Post by: jesscageorger on September 11, 2018, 11:00:00 PM
Hello, my name is Jessica, I am 25 now and will be finishing school now..

Couple questions about student loans and credit.

So, do they affect the credit score?

I don't have any job right now, and I am constantly looking, how much time will I have to start paying them off?

I will have around $40,000 total of debt and just want to see how it will affect my credit because I plan on buying a home in the next 3 years.

Do student loans will hurt my credit?

Will I need to hire a a credit repair company so I have a score of 700 at least?

Lets say I find a job at 80k, how much should I pay them off?

Not sure what the interest is.

Anyway, thanks! and I hope I am in the right category!
Title: Couple questions about student loans and credit
Post by: lascott on September 11, 2018, 11:00:00 PM
It is not clear if you are a real person :) but here is a little info. Some depends on where you got the student loans and what are the interest rates. Also suggest signing up for www.creditkarma.com to get their free dashboard and details (the catch is they are trying to get you to sign up for credit cards, auto ins, mortgages, etc thru their portal where they get a kickback. I don't do that).

Q: When must I begin repaying my student loans? Do I have a grace period?
A: Most student loans have a six-month grace period, which means you won't have to start making payments until six months after you graduate, drop out or drop below half-time status. The grace period is meant to give you a chance to find a job and begin earning an income before you're swamped with bills.

Tips to prepare for student loan payments:
The following types of loans have six-month grace periods: