Reply
Valued Contributor
jsucool76
Posts: 2,770
Registered: ‎12-11-2011

Federal Student Loan Question

Hey,

 

I requested a CLI on my smart connect account and was denied, so I got my free report for being denied a CLI. While I was looking at it, I noticed that on a few of my sallie mae federal loans, my "Balance" is higher than my "High Balance." For instance, if I have a $1000 loan, my "High Balance" is $1000, but my "Balance" is $1003. 

 

Does this have any negative effects? 

 

 

Thanks. 

Wallet: Capital One Cash Rewards 3500CL, Wells Fargo Cash Back College Visa: 900CL, Paypal Smart Connect: 1286CL, Walmart Discover: 2000CL, UPromise Mastercard: 1000CL, Chase Slate: 500CL, Discover IT: 2000CL, Citi Forward: 1500CL, Bank Of America Student Travel Rewards: 700CL
Valued Member
bornhuge
Posts: 27
Registered: ‎12-20-2011

Re: Federal Student Loan Question

I would imagine this is just a rounding issue, but I could certainly be wrong.

Starting Scores: TU-666 on 10/29/11. EQ-701 on 12/29/11
Current Scores: TU-753 on 7/27/13. EQ-761 on 11/1/13

myFICO is the consumer division of FICO. Since its introduction 20 years ago, the FICO® Score has become a global standard for measuring credit risk in the banking, mortgage, credit card, auto and retail industries. 90 of the top 100 largest U.S. financial institutions use the FICO Score to make consumer credit decisions.

>> About myFICO
FICO Score - The Score that matters
Fair Isaac Corporation is a BBB Accredited Financial Service in San Rafael, CA
FOLLOW US Social Media Facebook Twitter Pinterest Google+