But overall, paying off your student loans is going to be much more beneficial than the temporary negative effect on your credit score. If you’re planning to apply for a mortgage or a car loan, you may want to wait to pay off your student loans until after you’ve been approved, Wysopal suggested. "It’s something to be aware of just in case a client is looking at trying to utilize their credit in that window," Wysopal told me. If this doesn’t convince you to pick up your controller and start gaming, we don’t know what will.Ĭheck out this piece of content, alongside the fun quiz and social video that were created in partnership with Bethesda to promote “Redfall”:Īnd if you’re as excited about Press Play as we are, you can check out more recommendations here: #content #entertainment #gaming #videogames #australiaĩ Reasons Why "Redfall" Is About To Become Your New Favourite Video Game Obsessionįor BuzzFeed's series on personal finance, I spoke with credit experts about what you should know about the effect of paying off your student loans on your credit score.Įxperts told me that closing out student loans can cause a temporary dip in your credit score because you're effectively losing what is likely one of your oldest credit accounts. The impact can be more noticeable if you don’t have a good mix of other credit accounts, but if you have good credit habits, that dip should only last two to three months, said Brett Wysopal, a senior financial planner at Brooklyn Fi. Working with Bethesda Softworks and POWER UP PR for the launch of “Redfall”, our Senior Entertainment Producer Isha Bassi did a deep-dive into why it’s the must-play video game of 2023 as part of BuzzFeed Australia’s newest pop culture column - Press Play. From video games to TV shows, movies, anime and everything in-between, we drive the conversation and make our own viral moments. When it comes to what’s trending in pop culture, BuzzFeed Australia has you covered.
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