http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1650026#M66891 <p>If util is listed as a top negative item on your FICO report, and if nothing else factors into util like a CC CO, HELOC, LOC, etc., then there's a chance of 20-30 or so I bet, maybe a little more. You might eeck out a few more points by getting one balance to report $0.</p> Thu, 18 Oct 2012 15:33:35 GMT llecs 2012-10-18T15:33:35Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1649154#M66886 <p>Ok, so i am SOOOOOOOOOO on the border of being approved for my mortgage. My credit utilization was 31% I paid it off to 5% and my loan officer is able to do a &quot;rapid rescore&quot;  My credit score is a 616 and I have 2 cc's. One has a 1250 limit and showed a balance of $468 and I have paid it down to $19. My other card has a limit of $350 and a balance of $16.  These are the only credit cards that I have.  The only other thing on my report that is open is 2 installment loans.  A car that I owe $24k and a student loan for 4k. Both of which I am making regular payments on.  So any thoughts on how much my score will raise??</p><p> </p> Thu, 18 Oct 2012 02:26:48 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1649154#M66886 martha75 2012-10-18T02:26:48Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1650026#M66891 <p>If util is listed as a top negative item on your FICO report, and if nothing else factors into util like a CC CO, HELOC, LOC, etc., then there's a chance of 20-30 or so I bet, maybe a little more. You might eeck out a few more points by getting one balance to report $0.</p> Thu, 18 Oct 2012 15:33:35 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1650026#M66891 llecs 2012-10-18T15:33:35Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1653994#M66908 <p>Utilization was listed third on my report behind serious delinquency and number of accounts with a negative indicator (or something). I went from a 566to a 631 by paying down utilization from over 100% to 2%! </p> Sun, 21 Oct 2012 01:48:21 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1653994#M66908 scmami 2012-10-21T01:48:21Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1654000#M66909 That's a great increase, Congrats! Sun, 21 Oct 2012 01:51:30 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1654000#M66909 Epcot 2012-10-21T01:51:30Z http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1654004#M66910 <p>@Epcot, thanks! To the OP, the score simulator was always pretty accurate for me,if you are a SW member or recently purchased a report from here.</p> Sun, 21 Oct 2012 01:55:53 GMT http://ficoforums.myfico.com/t5/Understanding-FICO-Scoring/QUESTION-From-31-utilization-to-5/m-p/1654004#M66910 scmami 2012-10-21T01:55:53Z