@tooleman694 wrote:
It is not my oldest loan. My student loan is much older and is upside down with util.
My Avant loan was opened Oct 2018.
I gotta do the math but I bet my overall util on my installment accounts is probably in the 90 percent range.
@tooleman694 you never know, it could be looking at the car loan separate from the SL, I'm not 100% positive. Mortgage loans and student loans may be looked at separately, idk 100%.
But, it does seem like when one loan is over 100%, it doesn't bring that over into the aggregate. In other words, it seems as if aggregate loan utilization cannot use more than 100% from each individual loan towards the aggregate.
so if you had a $10,000 student loan, but you owed $25,000, it seems like it would still contribute only $10,000 to both the numerator and denominator of aggregate loan utilization.
This is by no means anything other than just a theory. I'm working on trying to figure out how it works and I'm not saying this is how it works, just theory.
