does anyone have?

student loans? is it better to consolidate or no? if you did who did you use? my loans are only about 17K so im not sure what to do...also im not due to start paying them for another year but i figured i should start paying a little bit now...is that better or should i wait? I jsut dont want the interest to keep adding up when i can make little payments now. Does it look better to pay early?Like for a credit score?

Re: does anyone have?

as long as you are paying on time it wont effect your score, if you miss a pmt it will lower your score, i dont beleive paying it all at once makes a difference...i have noe and my hubby has a little, we got a house no problem, both of our scores were very high...

Re: does anyone have?

Paying them off early won't bump up your credit score other than taking a debt off so you would have less debt outstanding. But you don't get extra points for paying it early. As long as you have a good repayment history on all of you credit cards and car payments your score should be good enough for a mortgage.

ETA:
If you can afford to make some payments now I would start paying them. Your payments now would go straight to the principal balance which is better for you.

Message edited 12/8/2007 4:08:37 PM.