Since student loans have a lower interest
rate than other types of debt, it might make sense for you to repay any other debts you may have before tackling your student loan.
You can or can not make the full amount repayment at the end of the month, you can carry forwards the balance after paying the minimum amount due which makes it
better than other types of debts.
Although it may not make sense at first glance — taking on debt to pay off debt — if the interest rate on a personal loan is
lower than your other types of debt, it may make sense.
In the new score models, medical collections are now treated
differently than other types of debt «resulting in medical debt having less of a negative impact than with Classic FICO,» according to FHFA's request for input.