Effect of Student loan on Credit Utilization

Hope · ‎08-05-2008

Does a student loan have an effect on credit utilization which helps to determine our credit score? Originally I thought it was only revolving credit but I am not sure. Could someone clear this question up for me?

Thanks,

Hope

Anonymous · ‎08-06-2008

SL's are installment loans

The utilization points on installment loans is a very small number of points. Many get some points back when the UTL goes under 100% and a few more at 45%.

Installment utilization is completly seperate from Revolving utilization .

Hope wrote:

Does a student loan have an effect on credit utilization which helps to determine our credit score? Originally I thought it was only revolving credit but I am not sure. Could someone clear this question up for me?

Thanks,

Hope

Hope · ‎08-06-2008

Thanks for the reply Timothy!

I appreciate it,

Hope