New Member
Posts: 2
Registered: ‎07-21-2008


I have 8000.00 in private student loan and 53000.00 in federal student loans that are reported as educational loans, current and never late. The total monthly payment for both is 256.00.  Eventhough these accounts are positive, the scoring system is treating them as a negative factor for being a high non mortgage balance.

The simulation tells me I should pay them down but I cant afford to pay off my student loan right now and I don't intend to rush on it. I was always told that student loan balances doesn't affect home buying eligibilties as much as high credit card balances.

I need to know if there's a way to increase my score without paying down on my student loans quickly.