Re: STUDENT LOANS[ Edited ]
12-17-2008 04:04 PM - edited 12-17-2008 04:09 PM
What are your scores and what other negative reasons does it give? This sounds like a negative reserved for someone with high scores and/or little to complain about.
Revolving utilization (current balance over credit limit) is a much bigger part of your score than installment utilization. It is likely not hurting you as much as if you were to have the $61000 on credit cards. If it is not in your best interest to pay them down right now I would ignore the complaint completely and see if there is anything else you can work on.
Edited to add - if the current reported balance is higher than the original balance that might be why it is yelling at you.