Hi
This month I noticed my credit balance is dropeed by 8 for the first time in my credit history.
Credit History 3 yrs
My Available credit is $ 21000
credit utilization is 9%
On time payment is 100%
this month minimum payment is $475
car loan balance is $19000
Education loan for my children (Nelnet) is $22000
these satus were almost same during the last 5 to 6 months. However I noticed this month my credit score dropped from 738 to 730.
I would like to know if this drop for my Education loan?
I have to borrow more in the next three yrs for the same purpose. In that case my Total balance may be increased dramatically vs my available credit is $21000.
Can I think about mortgage loan with this condition.
I think these all problems because of my available credit line is not increased with my Auto loan and Education loan.
pls explain.
Thanks and have a good day.