How can I use my student loan to increase my credit score?

[lorlormommie]

I have 7 Sallie Mae loans totaling 25000$. I have paid a small bit on them, but because I am still in school, I have incurred more debt than I have paid on. Half are subsidised (I don't know what that means). Half are unsubsidized. Can I consolidate them into one loan somehow? Would that even help? (making it look like I have 1 loan instead of 7 loans?)

Besides paying them off completely, which I can not do, what can I do to help my credit regarding this loan? It is messing with my income to debt ratio, so I wonder how is that calculated? At what point (is there a percentage?) does a loan not affect your income to debt ratio?

Besides paying it off, what can I do with this loan to help my credit?

 

I am trying to buy a house.

 

[hodap2001]

I believe we answered your question on September 25, 2013 - please review that post.

[evapor8ted]

DTI is calculated based on the payments so get lower payments. Keep in mind if the banks say you have too much dept, you probably have too much dept. Maybe try paying down the loan before getting something new.