https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Student-loan-repayments/m-p/737880#M49677 <P>I currently have four open credit lines composed of a mortgage 147k, two student loans for 13k and 5k respectively, and one major credit card with a balance of approximately $300&nbsp; The student loans which i cosigned with my son, were taken over by me one year ago due to non payment for 90 days last summer.&nbsp; accordingly these student loans will show on my credit report till 2016.</P><P>&nbsp;</P><P>The question i have is in regards to paying down the balance, though the interest rate is fixed at 3.6%.&nbsp; The loan hurts my payment history, but also is my oldest credit line of over 10 years each.</P><P>&nbsp;</P><P>I am considering paying off the smaller student loan, reducing my credit lines with balances from 4 accounts to 3 accounts.&nbsp; The issue of course seems to be whether its advisable to pay off this low 3.6 percent loan, or should i invest the money to earn more than the loan rate.</P><P>&nbsp;</P><P>My current fico is 650 and my total credit untilization is under 5%, with 4 additional revolving accounts. &nbsp;&nbsp; I am of course working to improve my fico as much as i can.&nbsp; thanks for any assistance you may give me.</P><P>&nbsp;</P> Thu, 16 Sep 2010 13:52:21 GMT Norway64 2010-09-16T13:52:21Z https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Student-loan-repayments/m-p/737880#M49677 <P>I currently have four open credit lines composed of a mortgage 147k, two student loans for 13k and 5k respectively, and one major credit card with a balance of approximately $300&nbsp; The student loans which i cosigned with my son, were taken over by me one year ago due to non payment for 90 days last summer.&nbsp; accordingly these student loans will show on my credit report till 2016.</P><P>&nbsp;</P><P>The question i have is in regards to paying down the balance, though the interest rate is fixed at 3.6%.&nbsp; The loan hurts my payment history, but also is my oldest credit line of over 10 years each.</P><P>&nbsp;</P><P>I am considering paying off the smaller student loan, reducing my credit lines with balances from 4 accounts to 3 accounts.&nbsp; The issue of course seems to be whether its advisable to pay off this low 3.6 percent loan, or should i invest the money to earn more than the loan rate.</P><P>&nbsp;</P><P>My current fico is 650 and my total credit untilization is under 5%, with 4 additional revolving accounts. &nbsp;&nbsp; I am of course working to improve my fico as much as i can.&nbsp; thanks for any assistance you may give me.</P><P>&nbsp;</P> Thu, 16 Sep 2010 13:52:21 GMT https://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/Student-loan-repayments/m-p/737880#M49677 Norway64 2010-09-16T13:52:21Z