http://www.credithomemortgageloan.com/credit/why-is-stafford-loan-showing-up-as-6-accounts-on-credit-report-will-it-affect-his-credit-for-a-mortgage-loan/ A blog about home mortgage loan credit Thu, 09 Sep 2010 19:31:12 +0000 http://wordpress.org/?v=2.7 hourly 1 http://www.credithomemortgageloan.com/credit/why-is-stafford-loan-showing-up-as-6-accounts-on-credit-report-will-it-affect-his-credit-for-a-mortgage-loan/comment-page-1/#comment-300 andy Wed, 20 Aug 2008 15:09:42 +0000 http://www.credithomemortgageloan.com/credit/why-is-stafford-loan-showing-up-as-6-accounts-on-credit-report-will-it-affect-his-credit-for-a-mortgage-loan/#comment-300 This is perfectly normal each semester is treated as its own loan, because... each semester is its own loan. The only way I could think of this going away would be loan consolidation(only do this if you can consolidate to a lower interest rate). 3.) The fact that it is appearing as 6 loans doesnt matter for his score, debt is debt whether it is 1 loan or 6 (for the most part). If he is above 680 I wouldnt be to worried as you will still get a good rate. Student loans should be the least of your concerns for a variety of reasons, focus on paying off credit card debt, car loans, store cards etc... Student loans are often very low interest, very low payments, and tax deductible if he makes less than 50K. The only way this really affects a mortgage is your debt to income ration. If he has alot of student loans and then that will affect the amount you can be approved for. This is perfectly normal each semester is treated as its own loan, because… each semester is its own loan. The only way I could think of this going away would be loan consolidation(only do this if you can consolidate to a lower interest rate). 3.) The fact that it is appearing as 6 loans doesnt matter for his score, debt is debt whether it is 1 loan or 6 (for the most part). If he is above 680 I wouldnt be to worried as you will still get a good rate. Student loans should be the least of your concerns for a variety of reasons, focus on paying off credit card debt, car loans, store cards etc… Student loans are often very low interest, very low payments, and tax deductible if he makes less than 50K. The only way this really affects a mortgage is your debt to income ration. If he has alot of student loans and then that will affect the amount you can be approved for.

]]> http://www.credithomemortgageloan.com/credit/why-is-stafford-loan-showing-up-as-6-accounts-on-credit-report-will-it-affect-his-credit-for-a-mortgage-loan/comment-page-1/#comment-299 Ambivalence Sun, 17 Aug 2008 20:58:05 +0000 http://www.credithomemortgageloan.com/credit/why-is-stafford-loan-showing-up-as-6-accounts-on-credit-report-will-it-affect-his-credit-for-a-mortgage-loan/#comment-299 no prob , but hey I can I borrow a couple of hundred gran - my credit is alittle minced, is that cool... no prob , but hey I can I borrow a couple of hundred gran - my credit is alittle minced, is that cool…

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