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Credit Card Utilization and Student Loans

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arthompson3529
New Contributor
‎06-30-2014 05:11 PM
‎06-30-2014 05:11 PM

Credit Card Utilization and Student Loans

Does my student loan factor into my credit utilization? I would think not since it isn't technically current utilization. Am I correct on this or way off?
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gdale6
Moderator Emeritus
‎06-30-2014 05:23 PM
‎06-30-2014 05:23 PM

Re: Credit Card Utilization and Student Loans

@arthompson3529 wrote:
Does my student loan factor into my credit utilization? I would think not since it isn't technically current utilization. Am I correct on this or way off?

Nope SLs are installment loans. Revolving CCs only factor into utilization percentages.

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JPeanut503
Frequent Contributor
‎07-01-2014 11:51 AM
‎07-01-2014 11:51 AM

Re: Credit Card Utilization and Student Loans

Nope SLs are installment loans. Revolving CCs only factor into utilization percentages.

Oh thank goodness! Sorry to jump in on this topic, but I have been wondering the same question for a while now. There will be hope for me yet Smiley Happy


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