cancel
Showing results for 
Search instead for 
Did you mean: 

How my credit balance drop because of Student Loan.

tag
Anonymous
Not applicable

How my credit balance drop because of Student Loan.

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.

 

 

 

Message 1 of 1
Advertiser Disclosure: The offers that appear on this site are from third party advertisers from whom FICO receives compensation.