I really need help with getting to a better credit score. How does making extra payments on my student loans affect my credit score compared to just making the minimum payments on time? Are there any potential drawbacks to paying more than the minimum that I should be aware of in terms of credit building?

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There is no drawbacks for paying more than the minimum. Once you payoff your loan, it might decrease your credit score if you don’t have other open accounts (credit cards, other loans, etc).
Do you have any open credit cards? One of the hardest parts is your average credit age. This is the average of how long your accounts have been open.

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The point of a credit score is to show consistency over time. But student loans have such a high interest rate that most people try to pay them off as quickly as possible. Personally I think that a middle ground is best, pay more than the minimum payment if you can but don't put yourself in a position where you can't consistently make the same payment every month. That's what I've been doing and my credit score has been going up so I guess it's working lol

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Paying more than the minimum won't really impact your credit score at all. The most important things that effect it are the length of ur credit history and the overall debt you owe. So yes, paying more technically helps but unless you're able to pay enough to make a sizeable dent in your debt each month the changes will be very minimal. Make payments on time and your score will slowly go up over time. Another thing you can do is open a credit card or two. No need to use them much or use them at all, just having more accounts open can help build your credit history because it will show you have multiple accounts with no missed payments over time. Yes opening a credit card will briefly impact your credit score since it will add an inquiry to your account but that goes away after a year and you won't see any big changes in that short of a time period either.

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