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Are student loans bad debt?

Jeremy Wood

in Student Loans

1 answer

1 answer

Theresa Perry on April 28, 2019

Any loan that has to do with the promotion of education is never a bad debt. The only bad thing is that if you do not pay your debt. Do not count against your credit score negativewasapi however a loan officer may find that a good debt when you have paid on time over a long period of time. The opposite can be taken into consideration to be the loan officer or credit score provider. If slow paying late all the time, and behind on student loans that can have a negative impact. In that case, you need a student loan modification to get caught up so that is not a"bad debt".

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