Re: pay off a 7% loan?
I agree with TR on this one. I have always been under the impression that student loans were considered good debt for your credit score as long as you are always timely with your payments. To build your credit score you need to have some history. A person who has never used a credit card and always pays cash for things like cars may be very sound financially, but will not have a high credit score since there is no credit history.
|