I have a few student loans and they were in deferment while I continued my education and then for a short period when I was between jobs. I'm now paying on all of them. I noticed in my credit report that the utilization for these accounts is 115% because the balance owed including accrued interest is greater than the original loan amount. Is this normal? Does this adversely impact the score, similar to exceeding a credit limit? All accounts show in good standing and paid as agreed but I'm wondering if I need to address that utilization to increase my chances of getting a car next year.
Thanks!
