10-31-2012 09:26 AM
10-31-2012 06:32 PM
Yes, it is possible. I have twice as much in student loans and my TU is 771 and my EQ is 781.
10-31-2012 07:58 PM
The amount of your installment debt is not really going to impact your score. Bigger factors are utilization on your revovling accounts (credit cards), mix of credit (installment, revolving), any late payments, and the one that is probably holding you back the most, average age of accounts. At this point, you'll probably want to bring your util down a little (6-7% is generally accepted to be a good range, even as low as 1%, but not 0%) and just let your accounts age. The biggest setback you could have is a late payment, so do what you need to to make sure you have the money and remember to pay on time.
11-01-2012 09:53 AM
And just to throw this out there - when you start thinking about a mortgage, your DTI will matter as well. I have a friend who has a great score but her DTI is a bit titchy based on her student loans. But you look to be in fairly good shape, score-wise.
11-01-2012 07:32 PM
11-01-2012 09:08 PM
Thats great, nice to know that it's still possible to have a great score with insane ammounts of student loan debt.
11-02-2012 05:37 PM
I'm about 50K in student loan debt and I'm up there...