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Effect on Credit Score???? Going to collegeEffect on Credit Score???? Going to college
mohit_chopra1 said: "Me and my wife have decided that its about time that my wife gets her MBA. So now she is gonna leave her job (She has been in banking for 2 years) and go to college next year. She has a high credit score of 760. My question is: Does leaving the job for 2 year college will affect her credit score. Ofcourse we will pay all the bills on time even when she is in college . Thanks in advance for your help."
94B10 said: "FICO Scores are calculated from a lot of different credit data in your credit report. This data can be grouped into five categories as outlined below. Her going to school will not affect this unless she doesn't pay her bills or max out all her credit cards, etc.
Payment History- 35%
Amounts Owed- 30%
Length of Credit History- 15%
New Credit- 10%
Types of Credit-10%
My credit was excellent while I was going to school as well it's when I got out but that's a whole different story.:rolleyes:
Good Luck
94"