It would really benifit me to lower my student loan payment, but I don't want to hurt my credit score. Would taking the option for a lower monthly payment now hurt my credit score?Will changing my loan payment affect my credit score?It shouldn't really do anything to your score. Your score is based on your payment history (on time) and your debt/credit ratio. Changing your payment wouldn't affect either of these.
However, lowering your payment will drag out the loan longer and cost you more in interest. So, choose a lower payment if you need breathing room, however pay it off as aggressively as you can!
