Student Loans

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Established Contributor
awdsmama
Posts: 722
Registered: ‎01-20-2012

Student loans reporting balance only / utilization?

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‎01-08-2013 11:54 AM

My student loans are reporting a balance only, which is adjusted each month as I make a payment. 

 

There is no original balance or credit limit showing so does this mean it will appear as 100% utlization on these?

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awdsmama
Posts: 722
Registered: ‎01-20-2012

Re: Student loans reporting balance only / utilization?

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‎01-12-2013 06:14 PM

Does anyone know if there is a way to get FedLoan Servicing to report the original balance AND the current balance to show better utilization on my CRs?

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laz98
Posts: 4,237
Registered: ‎09-06-2008

Re: Student loans reporting balance only / utilization?

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‎01-12-2013 09:18 PM

My FedLoans have always shown the original loan amount; I don't know why yours do not.  Call & ask?

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awdsmama
Posts: 722
Registered: ‎01-20-2012

Re: Student loans reporting balance only / utilization?

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‎01-13-2013 09:24 AM

Will do, thanks!

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CreditKate
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CreditKate
Posts: 1
Registered: ‎01-18-2013

Re: Student loans reporting balance only / utilization?

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‎01-19-2013 03:38 PM

According to Credit Karma the student loans do not reflect on your utilization percentage. They use transunion, so I am not sure if it completely correct (also, I'm new to all of this).

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Tazman81
Posts: 698
Registered: ‎06-23-2010

Re: Student loans reporting balance only / utilization?

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‎01-20-2013 02:32 PM

CreditKate wrote:

According to Credit Karma the student loans do not reflect on your utilization percentage. They use transunion, so I am not sure if it completely correct (also, I'm new to all of this).

This is correct.  Loans are not used in your utilization calculation, only revolving credit such as credit cards.

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