I have 2 student loans, 1 for $2500, one for $3400. The bigger loan is unsubsidized, so it has a higher interest rate. I have been on a low repayment plan the past few years and the higher loan has aqrued $416 in interest over what the original loan amount was. I am wondering if this is hurting my score by putting me in an "over the limit" bracket?
You do not have a utilization for an installment loan.
Percent util is calculated for sxoring based only on your revolving accounts.
Installment loans record remaining balance vs original loan amount, so it might have a small effect.
However, balance vs loan amount has very litle impact on scoring.
It is your current balance of your discretionary revolving credit vs your credit limit that has significant impact.
I would not be concerned.
Thanks for the answer. A mortage lender told me he felt that might be the reason my score hasn't risen more, but I was skeptical of that idea.