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Creditors can make their own determination in how to evaluate deferred student loans on your credit report. Generally, deferred payments are much better then delinquent payments. Debts that must be repaid in the future are still debts though, and the amount of debt you have may effect whether or not you are granted additional credit.

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Q: Does putting your sudent loans into deferment hurt your credit?
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Can you still get federal student loans if you have defaulted on other student loans that are now deferred?

If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.


When can one apply for a student loan deferment?

Deferment is difficult to achieve when it comes to student loans. Many companies will allow a deferment if the client is enrolled in school or any other program that is part of their education.


How does a student loan forbearance affect your credit score?

A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.


Where can a student get debt relief for a loan?

There are two different answers, depending on whether a student is looking for relief from a loan or a person is looking for relief from student loans, which are not generally due and payable while they are still students. Student loan relief is available directly from the lender in the form of consolidation or hardship deferment, while for other types of loans a student may be eligible for refinance, deferment by paying interest only or consumer credit counseling depending on the type of loan, the lender, their credit score and their income level.


What credit options are available from Pioneer Credit?

Pioneer Credit Union offers auto loans, mortgage loans, home equity loans, home equity lines of credit, student loans, personal loans and business loans.

Related questions

During a deferment I am not required to make payments on my loans.?

That is correct, you are not obligated to make payment on the loans while in Deferment. You can stay in Deferment for up to 3 years.


Can you still get federal student loans if you have defaulted on other student loans that are now deferred?

If your loans are in a Deferment, then they were never in a Default status, they may have been delinquent. You are not eligible for Deferment while loans are Default. So to answer your question, yes you are eligible to take out additional loans if you are in a Deferment.


Must you take 6 credit hours to defer your student loans for med school?

In-School deferment requirements state you have to be attending at least half-time.


Do you still have to repay your student loan if you are unable to get employed?

In the US, you are still on the hook for the repayment of the loans, but you can apply for an unemployment deferment from your lender. With the deferment you can stop paying on your loans for up to 3 years. The interest on the unsubsidized stafford loans still accrues though.


How long after graduation are you expected to start paying back federal student loans?

you have six months after you graduate in which your loans stay in deferment. You can continue to ask for deferment after that period if you can't make payments, but you will be charged interest.


When can one apply for a student loan deferment?

Deferment is difficult to achieve when it comes to student loans. Many companies will allow a deferment if the client is enrolled in school or any other program that is part of their education.


Sample of admission deferment letter?

The letter of deferment is written and used when putting something off that that will be done in the future. This letter is often used to defer student loans or delay admissions into college. The letter should be addressed to the correct department, reasons for the delay must be mentioned and the request of the deadline to be extended.


Does Great Lakes Loans offer in-school deferment options?

"Yes, Great Lakes Loans does offer in-school deferment payment options. If you happen to drop out of school before you are finished your loan can be deferred until you have found a job."


How does a student loan forbearance affect your credit score?

A loan in forbearance permits a student to temporarily postpone their federal student loan payments. Or, the forbearance temporarily reduces the amount the student pays. Your students loans may show up on your credit report while in repayment status or out of deferment.


What will 'in grace' status student loans do to your credit score and will it lower your score if you consolidate the student loans?

Does "in grace" mean in deferment? Deferred student loans do affect your debt-to-income ratio. Even in deferment they are factored into how much you owe. Many current and former students do not take the responsibility to keep their loan companies notified of their enrollment status, thinking that their financer will somehow just know that they are still in school. This more than any other factor causes credit problems on student loans. Anytime you open any kind of credit account, there is generally an inquiry which CAN affect your credit score. There is also a "hit" in the risk indicator of having a new account. Those factors are overcome quickly and as long as you pay the new, consolidated, account on time and keep your status updated; it should have little affect on your credit to consolidate.


If you go back to get a MA and have student loans from your BA do you stop paying those loans while in school?

Yes, you can get an in-school deferment on your undergrad loans if you go back for masters.


Can you file chapter 7 and not include your student loans in the bankruptcy since they are in deferment and also continue getting student loans while in college?

I believe that student loans are a category of debt that is not dischargable in bankruptcy. The bankruptcy will show up on any credit reports, and you may subsequently be unable to et additional loans. I filed for bankrupcy in 1998. I was able to obtain Student Loans despite the bankruptcy in 1999-2000. My past credit history was not considered when determining my student loan application.