Established Contributor
Posts: 670
Registered: ‎07-12-2008
[ Edited ]

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.

Message Edited by rmily on 12-17-2008 06:09 PM