How soon can my credit score recover?

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I fell behind on my student loan payments and it hurt my credit score pretty badly. However, I will soon be caught up thanks to a forbearance.

How soon can my score recover? The student loans are the only debts on my credit scores and I have no large credit card debt, car loans, or mortgages. How soon will I be able to bring my creidt score back up?

  1. Reply
    May 14, 2011 at 2:29 am

    It takes a few years.

  2. Reply
    Steve P
    May 14, 2011 at 2:44 am

    go to it’s not a scam and it will explain all of this to you.

  3. Reply
    May 14, 2011 at 3:42 am

    Most likely at least a year.

    Now for the really bad news, student loans are not considered real trade lines by any lender at least in the car business when you apply for a loan.

  4. Reply
    May 14, 2011 at 4:09 am

    You will need to get some positive credit going to offset the bad to speed things up.

    Are the loans eligible for ‘rehabilitation’? If so, they will sometimes remove negative info after you complete a payment plan. Worth looking into.

    Don’t pay ANYONE to repair your credit. Credit repair is a scam

  5. Reply
    robert s
    May 14, 2011 at 4:41 am
  6. Reply
    Natalie B
    May 14, 2011 at 5:30 am

    Late payments remain on your credit for two years, charge offs for seven years. Be sure to contact all three credit bureaus once per calendar year because everyone is entitled to a free report.

    Credit score isn’t everything. If you have money, credit score doesn’t matter. If you don’t plan to borrow money, credit score doesn’t matter. Why not save for a car or save for any big ticket item? All a credit score is, is a tool to convince someone to loan you money, that you probably could save in the first place.

    Student loans of course will never go away until they are fulfilled, but as long as you stay with the federal government(as you loan holder) it’s virtually impossible to default. If you ever believe you can’t pay, call them and ask for a forbearance or a deferral. Also, there are a few loan forgiveness programs out there. Mainly for teachers, military, medical workers, attorneys, volunteers, and a few others that serve in low income areas of the country.

    Check out Also, check out and tune in to his show whenever you get a chance. All the knowledge you need concerning debt solutions is right there.

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