New Contributor
Posts: 61
Registered: ‎05-20-2011
Sallie Mae and Credit scores

I have my kid in law school (his dream was to be a lawyer since the 10th grade) and he's in his second year now. I'm in debt around $74.000 on his loans so far. I'm worried that by the time he does finish school and I'm 200G's in debt my cards like AMX, Discover will kick me to the curb in fear. Right now my FICO's are in the 700 but I fear the deeper I go indebt for school the lower my scores due to UTL. Only thing I have going for me now is I pay my cards on time and keep my UTL as low as possible. And how will my Credit card company's look at me with this debit to income ratio factored in. Still new to this credit thing and how it all work'sSmiley Embarassed