- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Paid off student loan, credit score dropped 28 points
Posted on 10/21/14 at 3:38 pm to DownshiftAndFloorIt
Posted on 10/21/14 at 3:38 pm to DownshiftAndFloorIt
quote:
Mind a brief explanation of debt utilization?
Not an expert, but my interpretation is that if you owe $5K on a $15K loan, and say you owe an additional $20K in other debts on original credit lines of $40K:
Previous debt: $25K of $55K credit (45.5%)
Current debt: $20K of $40K credit (50%)
You reduced your denominator by proportionally more than what you owed. Someone tell me if that's wrong.
This post was edited on 10/21/14 at 3:39 pm
0
Page 1 of 1
Back to top
Follow TigerDroppings for LSU Football News