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Old 01-25-2012, 12:00 AM
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Join Date: Jan 2012
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Lightbulb pay off 90% of student loan debt to raise score?

I have several student loans out. Some are $500 each. I am still in school so they are still deferred. They are in good standing, no lates. But I haven't started paying anything towards them so I still owe the complete amount. I was curious if I paid a few off the $500 loans down if that would improve me score? I know on credit cards that show less than 30% utilization looks good on your credit. Would this be the same for my student loans? I was thinking of paying like $450 on each of them so it shows I only owe $50 on a $500 loan. Would this help?
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