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Posts: 1,653
Registered: ‎06-09-2008
Re: Possible to get to a 750 FICO with $42k in student loans?

The amount of your installment debt is not really going to impact your score.  Bigger factors are utilization on your revovling accounts (credit cards), mix of credit (installment, revolving), any late payments, and the one that is probably holding you back the most, average age of accounts.  At this point, you'll probably want to bring your util down a little (6-7% is generally accepted to be a good range, even as low as 1%, but not 0%) and just let your accounts age.  The biggest setback you could have is a late payment, so do what you need to to make sure you have the money and remember to pay on time.